A new study of the work of philanthropic foundations says corporations such as Exxon Mobil and Walmart “deploy” these charitable foundations “as a form of tax-exempt influence seeking”.
Facebook co-founder and CEO Mark Zuckerberg and other tech billionaires are creating a quintessential philanthropy for the 21st century. For example, they aren’t interested in old-school philanthropic galas and endowing their alma mater.
Lack of transparency in philanthropic foundations, which cost taxpayers, raises ethical questions, argues Elizabeth Cham, an Honorary Fellow at the UTS Business School, University of Technology Sydney.
These 1 percenters are doing what the global Occupy movement demanded back in 2011. They’re sharing their wealth with the 99 percent.
Why charity leaders and donors should emulate English economist and social reformer Beatrice Webb? She’s one of the five “empathy heroes” who changed the world by taking compassion to the extreme.
Facebook founder Mark Zuckerberg gives almost $1 billion to a Silicon Valley charity as the social media giant faces a lawsuit over the handling of its 2012 IPO.