Philanthropy is back in fashion
Philanthropy is suddenly the hottest cause around. Giving is the new earning, and private capital, not public funding, is driving this trend.
Monday, September 25, 2006
If there is one giant upside to the growing rich/poor disparity in the United States, it is this significant development: Philanthropy is vogue again.
OK, maybe it never really went out of style, but for a long time people made charitable contributions simply for the tax deduction. But check out the newsstands now: There’s Warren Buffett and Bill Gates, each donating huge sums to fight AIDS and poverty. (Buffett’s donation to the Gates Foundation was the largest single act of charity in American history.) There’s the local Kauffman Foundation, lauded in The Kansas City Star for its excellent work. And sure enough, there’s philanthropy’s rock star Bill Clinton jetting all over the world raising money and awareness, and gracing the covers of political opposites Fortune and The New Yorker simultaneously."