Giving away your fortune might seem far easier than making it. But as philanthropy has grown and become increasingly sophisticated, an entire cottage industry has grown up around advising big donors on smarter approaches to giving.
The latest to join the business of philanthropic advice is the Milken Institute, the think tank best known for its own philanthropic research and conferences.
Last week, Milken launched its new Center for Strategic Philanthropy, which aims to help donors improve their giving and better coordinate their efforts with other nonprofits, research groups and philanthropists.
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The flagship of the new center is the Philanthropy Advisory Service.