IMPACT

Meet Philanthropy's Next Generation

09/20/2012 02:35 pm ET

The adopted son of John Kluge Sr. is out to ensure that 95% of his late father’s assets will be put to philanthropic use. Kluge, 29, started the for-profit angel firm Eirene to support only initiatives that will affect at least 1 billion people. First up: provide 1 million toilets to the developing world. Other interests: waste collection and fertilizer and methane production.

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