Philanthropists Should Put Themselves Out of Business

While a growing number of foundations practice social justice philanthropy, most philanthropists are simply not in the business of confronting the economic inequality that undergirds their power. The vast majority of foundation giving serves as a tax write-off for the wealthy, and it’s often directed at shoring up an individual’s or family’s influence culturally, professionally, and politically — not creating deep systemic change. According to the National Committee for Responsive Philanthropy, a mere 14 percent of annual foundation funding goes to “social change,” which it defines broadly as “work for structural change in order to increase the opportunity of those who are the least well off politically, economically and socially.”

Read the entire article in Bright Magazine.