According to The Chronicle of Philanthropy, only a few of the largest donations given in 2010 went to organizations that help the poor. In fact, only one out of the ten largest gifts were made to directly impact the poor. The other nine were given to institutions for expansion projects or endowments.
This is disturbing to me since it is estimated that 1 billion people live in extreme poverty, or on $1.25/day. Although the World Bank has announced that these numbers are dropping, extreme poverty is a reality of one-sixth of the world's population.
Why isn't more money given to organizations that help eradicate poverty?
Do you think giving by wealthy donors for projects like building expansion or art collections is warranted? Why do you give to the causes that you give to?
1 comment:
I believe many of these people give to building or expansion projects because they're worldly people. If they give a large sum of money for a new building, not only will there be a big recognition ceremony, but the building will probably be named after them, thereby giving them a false form of eternal life.
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