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Boston College's 45-year-old Center on Wealth and Philanthropy is closing up shop because its two founders don't have time to write grant proposals.

"For nearly a half-century, Boston College’s Center on Wealth and Philanthropy has taken an unusual approach to studying the charitable giving of the very rich, examining not just how much they give but why they do it and asking whether great wealth comes with an ethical obligation to be financially generous. Now, as Boston is enjoying one of the most affluent periods in its history, the center is preparing to close, an irony not lost on Phil Buchanan." -- Sacha Pfeiffer, the Boston Globe

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