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On October 17, 2026, Melissa Stevens, Executive Vice President of Strategic Philanthropy at the Milken Institute, offered the assessment that a third wave of philanthropy is about to arrive. She linked this wave to the upcoming IPOs of Anthropic and OpenAI, stating that each company is valued at at least $1 trillion and is expected to add $37 billion in new funding to the philanthropic sector each year. She also cited data showing that U.S. charitable giving reached $617 billion in 2026, and advised newly wealthy tech professionals to first establish a giving identity aligned with their own values, and then address complex problems such as hunger and plastic pollution with systematic solutions. This assessment is currently reported by a single source, and there are no subsequent factual developments as yet.
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Milken Institute Executive: Anthropic and OpenAI IPOs Will Bring a Third Wave of Charitable GivingDevelopments
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Melissa Stevens says the third wave of philanthropy is coming
Source:Fortune Tech
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Oct 17
Fortune Tech
Milken Institute Executive: Anthropic and OpenAI IPOs Will Bring a Third Wave of Charitable Giving
Melissa Stevens, Executive Vice President of Strategic Philanthropy at the Milken Institute, believes that the upcoming IPOs of Anthropic and OpenAI, each valued at at least $1 trillion, will spur a new wave of charitable giving, expected to add $37 billion annually to the philanthropic sector. Citing data showing U.S. charitable giving reached $617 billion in 2026, she advises newly wealthy tech professionals to first establish a giving identity aligned with their own values, and then address complex issues such as hunger and plastic pollution through systematic approaches.