The Folly of Philanthropy


credit: Bermuda News

The Wall Street Journal profiles the new book 'The Good Rich and What They Cost Us.'

According to the reviewer, the book, which covers over two centuries of American philanthropy, posits that the rich often miss opportunities for their giving to make a significant impact on society.

Controversially, the author proposes that the charitable tax deduction prevents the philanthropic dollars from being efficiently allocated. The government would be better in this regard. Interesting!

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Federal Programs Related to - Philanthropy, Voluntarism & Grantmaking, General/Other

Private nonprofit organizations whose primary purpose is to promote the practice of charitable giving and volunteering or to represent and serve a wide range of philanthropic and charitable institutions.




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