The Facebook effect: Will charities reap some of the IPO dough?
What will a new generation of Facebook millionaires do with their wealth? It’s a good bet that many will splurge on a fancy new car, purchase a new home or perhaps even plan a trip to space. But it's also likely that they’ll be giving some of it away to charity.
Experts expect charitable causes and nonprofits to be among the side beneficiaries of the minting of 1,000 or more new millionaires from Facebook’s impending initial stock offering.