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Gilded Giving: What Happens When Billionaires Dominate the Charitable Sector


#1

Gilded Giving: What Happens When Billionaires Dominate the Charitable Sector

Chuck Collins, Helen Flannery

The last couple of years have been boom years for philanthropy. Total donations from individuals, foundations, and corporations rose in 2015 to over $373 billion, a 10 percent increase since 2013.

But behind this statistic is a troubling trend. The charitable sector is getting a growing number of mega-donations from wealthy donors and experiencing a simultaneous decline in donations by low and middle-income households.


#2

Doing well by doing good PR


#3

Charity Watch estimates that the growth of donor-advised funds has delayed an estimated $15 billion in donations to public charities.

Every contribution to a donor-advised fund is an irrevocable contribution to a public charity as soon as it is made.


#4

I've just been thinking, as I watch the "cyber Monday" promotions give way to the dawning of "giving Tuesday," why the giving comes only after spend, spend, spend, and go into debt? Who's supposed to have anything left to give? Oh yeah, them.


#5

Of course. But giving isn't just for money which they do. When is the last time a billionaire showed up at a soup kitchen? Never! And since when is 100000 low income, Sheesh some people are working two jobs and are homeless.