Don’t Wait for Billionaire Philanthropy to Fix America

If your house is on fire, don’t wait for the billionaire bucket brigade.  The same is true if you’re a society facing a pandemic, extreme wealth inequality, an eroding democracy, climate change or a national racial divide.

Each year, the Chronicle of Philanthropy publishes the “Philanthropy 50,” a list of the biggest donors of the year and an indicator of the giving priorities of America’s ultra-wealthy class. This year’s feature story is titled, “What Pandemic?” and summarizes, “Despite the continuing Covid threat and racial-justice problems, the nation’s wealthiest donors have largely returned to old standbys — handing out big sums to universities, medicine and their own foundations.”

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Read the full article at The Hill.