Who Really Benefits When Billionaires Give Away their Wealth?

Who Really Benefits When Billionaires Give Away their Wealth?

Tiny Spark
July 7, 2016

Aaron Dorfman frequently criticizes wealthy donors, saying they tend to overlook causes that help the poor and disenfranchised. “There’s this mistaken notion that every kind of giving is good, but I really don’t think that’s true,” he tells us.

Dorfman has been watching giving trends for nearly a decade as head of the National Committee for Responsive Philanthropy. As a result, he’s skeptical of the much lauded Giving Pledge, an effort by Bill Gates and Warren Buffett to get billionaires to donate more than half their wealth to charity. “It’s only about giving it away for something,” he says. “But the ‘for what’ has not been part of the Giving Pledge, and that’s a big concern.”

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