The growing inequality of wealth is, not surprisingly, unfolding in the charitable giving sector with both small donor declines and the rise of the mega-donor. Philanthropy is becoming more “top-heavy,” as donations by wealthy donors mask an overall decline in giving by the non-rich.
This has been a concerning trend for some time. In its 2016 Philanthropy Awards, Inside Philanthropy reported that the “Most Alarming Long-Term Trend” was top-heavy philanthropy—and the “Hottest Issue Most Funders Aren’t Addressing” was inequality.
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