BBC News - Past philanthropists: How giving has evolved: But clearly not everything is the same as it was 100 years ago.
The biggest change affecting the older foundations has probably been the growth of government, with state funding now covering areas that they weren't previously, such as health and education.
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I think the Gates Foundation will be the last big foundation for a while”
Prof Leslie Lenkowsky Indiana University
"Nowadays people call philanthropists the third sector but in many ways that's a bit of a misnomer," says Beth Breeze. "[In Victorian times] they were the first sector. If they didn't build a hospital no-one would."
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