While it's true that universities waste a great deal of money, and a few have more wealth than they know what to do with, these large gifts more often than not are directed toward scientific research.
In recent years Nike cofounder Phil Knight gave $500 million to the University of Oregon to fund a new complex for basic research; Michael Bloomberg donated $300 million to the Johns Hopkins School of Public Health; and Larry Ellison gave $200 million to the University of Southern California for cancer research.
Perhaps many donors would rather give to more narrowly tailored organizations than the United Way, or to local organizations that they know better.
Younger Jews are more likely to give to secular causes than were their parents and grandparents.
For philanthropy critics, the campaign to discredit charity is based on the premise that only centralized government programs can properly address inequality.
From their point of view, the giving habits of the wealthy are both a cause and an effect of the unequal distribution of income, such that every donation, no matter how well intentioned, is brought under suspicion.
The liberal media jeered when Jeff Bezos announced recently that he planned to donate large sums to homeless shelters and early-childhood education; they wanted him to support more government initiatives to help the needy in his home city.
https://www.city-journal.org/philanthropy
In recent years Nike cofounder Phil Knight gave $500 million to the University of Oregon to fund a new complex for basic research; Michael Bloomberg donated $300 million to the Johns Hopkins School of Public Health; and Larry Ellison gave $200 million to the University of Southern California for cancer research.
Perhaps many donors would rather give to more narrowly tailored organizations than the United Way, or to local organizations that they know better.
Younger Jews are more likely to give to secular causes than were their parents and grandparents.
For philanthropy critics, the campaign to discredit charity is based on the premise that only centralized government programs can properly address inequality.
From their point of view, the giving habits of the wealthy are both a cause and an effect of the unequal distribution of income, such that every donation, no matter how well intentioned, is brought under suspicion.
The liberal media jeered when Jeff Bezos announced recently that he planned to donate large sums to homeless shelters and early-childhood education; they wanted him to support more government initiatives to help the needy in his home city.
https://www.city-journal.org/philanthropy
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