December 02, 2018
Be Wary of Billionaire Beneficence
Massive donations are great, but they mask a troubling trend.
WikiCommons
If you want to be the skunk at the garden party, tell people we should be very alarmed about billionaire donations.
Michael Bloomberg just gave $1.8 billion to Baltimore’s Johns Hopkins University, establishing a fund that will provide financial aid to thousands. While this is an act of visionary generosity, we should be wary of billionaire beneficence.
This isn’t about Mr. Bloomberg, who is a smart and strategic giver. It’s about the way extreme wealth inequality is disrupting democracy, philanthropy and the vibrant independent nonprofit sector that we depend on.
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Read the full article at The Baltimore Sun
Originally in The Baltimore Sun.
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