High-techies are writing a new chapter
in charitable giving - and tearing up some old rules in the
process.
During Lily Kanter's five and a half years with Microsoft, the
tech-driven New Economy spawned scores of millionaires every time
the NASDAQ took another giddy bounce into the ozone.
But Kanter, whose physician father ran a free clinic and whose
mother taught in inner-city schools, knows that life's breaks
aren't doled out equally. That's why she and her husband Marc, a
Web entrepreneur, took some $2 million of their burgeoning fortune
and set up the Sarosi-Kanter Charitable Foundation, which they use
to translate good intentions into good works for others.
Case in point: While serving as business manager of Microsoft's San
Francisco retail outlet, Kanter, 35, took an interest in some
younger employees who stocked shelves and handled the cash
registers. "These kids were as passionate and knowledgeable about
computers as anyone who works in the high-tech industry," says
Kanter, who left Microsoft last year. "But with all they knew about
PCs and software, they were making seven to 10 bucks an hour. Why
weren't they working at $50,000-$100,000 jobs in Silicon
Valley?"
Talking to the twentyish staffers, she found the answer: Most
lacked the college degree or profes-sional certificate required for
an entry-level job in the tech world. So Kanter's foundation kicked
in tuition, ranging up to $3,800 apiece, enabling some of the young
workers to earn a Microsoft Certified Professional rating. Within
months of receiving Kanter's largesse, one of the grads landed a
$45,000-a-year job.