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About half of the top 50 philanthropist dollars in the United States in 2014 were given by tech entrepreneurs, according to The Chronicle of Philanthropy. Overall, the technology sector gave away $5 billion that year, though their charitable contributions dropped precipitously last year to $1.3 billion (possibly skewed due to the absence of "mega-gifts," such as a $2 billion donation by the Bill and Melinda Gates Foundation in 2014).
"There is a very real surge of philanthropy from tech sector leaders," says David Callahan, founder and editor of Inside Philanthropy, a news website that tracks nonprofits. "Many of these folks believe in giving early in life while still in their careers, as opposed to a more traditional model of waiting until later in life."
(Score: 0) by Anonymous Coward on Saturday November 12 2016, @02:40AM
https://www.opendemocracy.net/article/globalisation/philanthropy_on_the_commons [opendemocracy.net]
"At the end of his essay - and in his accompanying book, Just Another Emperor: the Myths and Realities of Philanthrocapitalism (Demos/Young Foundation, 2008) - Michael Edwards asks what he calls the $55 trillion question [expected to flow into foundations over the next 25 years]: how will we use the vast amount of new philanthropic resources that will be created in the next fifty years? My instincts tell me that Wikipedia, open source and peer-production may hold part of the answer. The world of the commons has used openness, participation and community to create real and (hopefully) lasting public goods. Why not apply these same principles to improving education, creating low-cost housing or evolving our democracy? (Mark Surman)"
(Score: 1) by khallow on Saturday November 12 2016, @10:00AM