SOURCE: New York Times
by Margaret O'Mara
John D. Rockefeller used philanthropy to blunt harsh criticism of his business practices and the social dysfunction represented by his immense wealth. What will his 21st-century analogue Jeff Bezos do for an image-burnishing second act? And will it be about service to the public or service to Bezos?
SOURCE: Nonprofit Quarterly
Education historian Diane Ravitch agrees with public school teachers who oppose the outsize influence of wealthy foundations in determining how public schools operate.
SOURCE: City Journal
Howard Husock argues that the late Richard Gilder's work with the Central Park Conservancy showed the benefits of using private philanthropy to preserve public parks instead of government programs, and praises Gilder's support for the study of American history.
SOURCE: New York Times
Richard Gilder used his fortune to advance many passion projects, including the refurbishment of New York's Central Park and the preservation of primary documents important to the study of American history.
SOURCE: Washington Post
by Bill Gates
Before the United States and other countries can return to business and life as usual, we will need some innovative new tools that help us detect, treat and prevent covid-19.
SOURCE: NYT Editorial
His name is David Rubenstein. He founded the Carlyle Group and is giving away a billion dollars.
by Zoltan J. Acs
Via Flickr.On Sunday, January 27, New York City mayor Michael Bloomberg announced his latest donation to Johns Hopkins University. His $350 million gift will be the largest in the university's history. Over the last four decades Bloomberg has given $1.1 billion dollars to his alma mater, a truly staggering amount of money. This makes him the most generous donor to any educational institution in the United Sates.Reading Bloomberg's giving pledge letter sheds light on what he hopes to accomplish by giving money away. "If you want to fully enjoy life -- give. And if you want to do something for your children and show how much you love them, the the single best thing -- by far -- is to support organizations that will create a better world for them and their children. Long term, they will benefit more from your philanthropy than your will. I believe the philanthropic contributions I am now making are as much gifts to my children as they are to the recipient organizations." Bloomberg has set up a foundation to give away the bulk of his $25 billion fortune before he dies.
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