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Boomers leave corporate world for nonprofit groups

September 8, 2008 /

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The former full-time executive of Microsoft and present co-chairman of the Bill and Melinda Gates Foundation is just one of an estimated 1.1 million baby boomers who have traded jobs in the corporate world for work at nonprofit organizations.

And millions more will follow, according to a recent survey by Civic Ventures and the MetLife Foundation. About three-fourths of the nation’s 78 million boomers plan to work beyond the traditional retirement age, with as many as half saying they’re interested in jobs that help others.

"We’re seeing the beginnings of a large work force for social change," said Phyllis Segal, vice president of Civic Ventures, a think tank that tracks boomers in "encore careers" that offer not only a paycheck, but also the chance to do good.

By BOB MOOS • McClatchy-Tribune News Service and JO DEE BLACK Tribune Business Editor

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