Charity Watch: A New Take on Giving

Meet the philanthropists for the next century: savvy, shrewd and funding causes that produce results

Steve Kirsch is the first to admit it. He is too damn rich. "I can't spend all my money," he sighs. "The best things in life just aren't that expensive." At 41, the founder of the Internet search-service Infoseek is worth more than $137 million. But while many of the other fresh-faced moguls in Silicon Valley have plowed their outrageous fortunes into still more outrageous indulgences, Kirsch decided in 1992 to do something subversive: he created his own charitable fund.

So far he has dumped more than $10 million into it and plans to increase the fund's size to $50...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!