The Dangers of Big Philanthropy

The Dangers of Big Philanthropy

It’s the season of giving. When you hear about a billionaire “giving back” — like Nike founder Phil Knight’s $400 million gift to Stanford, or hedge funder John Paulsen’s $400 million donation to Harvard — do you feel a warm glow? They...
Wall Street’s Fix for Homelessness

Wall Street’s Fix for Homelessness

It’s so great — truly heartwarming — to see billionaires devoting their deepest thoughts to finding solutions for eradicating poverty. For example, I can’t begin to tell you how grateful America’s homeless people are going to be once they hear about...
Blowing the Whistle on Philanthropy

Blowing the Whistle on Philanthropy

Inequality has a silver lining. At least the awesomely affluent think so. If we didn’t have grand fortunes, their claim goes, we wouldn’t have grand philanthropy. No foundations and handsome bequests for underwriting good causes. No gifts and grants by the...