Billionaire philanthropy possesses rich history in the usa

Billionaire philanthropy possesses rich history in the usa

By Doug Matus, individual finance author

Contemporary philanthropy it began in the early 20th century, when an explosion of modern industry left people like Andrew Carnegie with fantastic amounts of personal wealth as we know. Carnegie summed within the philanthropic ideal in an 1889 article entitled, “The Gospel of Wealth.” On it, he unequivocally states the aim of the wide range philanthropist: “He whom dies rich, dies disgraced.”

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