IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-11400-5_4.html
   My bibliography  Save this book chapter

Philanthropy is Big—But Does It Have a Purpose?

In: The Nonprofit Challenge

Author

Listed:
  • Doug White

Abstract

Fantastic wealth and philanthropy should go hand in hand: The names Andrew Carnegie, John Rockefeller, and Edward Harkness come quickly to mind; they were fantastically wealthy men who devoted a great deal of time to the “work” of philanthropy during their lifetimes. Bill Gates established the William H. Gates Foundation (now the Bill and Melinda Gates Foundation) in 1994 with $94 million, and over the next decade, thanks to market growth and additional gifts, it became world’s largest philanthropic foundation,1 with assets of $30 billion. In 2006, Warren Buffett made it even bigger. He made the commitment of a lifetime, also making his philanthropic mark while he is still breathing, when he pledged $31 billion more to be added over several years to the Gates Foundation.2 Gates’s and Buffett’s intention was that the money would be used to finance health and education initiatives among the world’s most disadvantaged peoples.

Suggested Citation

  • Doug White, 2010. "Philanthropy is Big—But Does It Have a Purpose?," Palgrave Macmillan Books, in: The Nonprofit Challenge, chapter 0, pages 61-79, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-11400-5_4
    DOI: 10.1057/9780230114005_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-11400-5_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.