Good Sibling, Bad Sibling: Philanthropy and Inequality

By Barry Knight, Chandrika Sahai and Halima Mahomed

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Increased concentration of wealth and increasing inequality are the conditions likely to give rise to philanthropy. This was true with Carnegie and Rockefeller in the US and it seems to be true in the BRICS countries now. In other words, these are the very conditions likely to give rise to foundations. What can foundations do to address them?

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