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How Philanthropy Benefits The Super-rich | Philanthropy | The Guardian

by theguardian.com posted 2weeks ago 43 views
There are more philanthropists than ever before. Each year they give tens of billions to charitable causes. So how come inequality keeps rising? By Paul VallelyPhilanthropy, it is popularly supposed, transfers money from the rich to the poor. This is not the case. In the US, which statistics show to be the most philanthropic of nations, barely a fifth of the money donated by big givers goes to the poor. A lot goes to the arts, sports teams and other cultural pursuits, and half goes to education and healthcare.

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