Billionaire philanthropy features a rich history in the usa

By Doug Matus, personal finance author

Contemporary philanthropy once we understand it started during the early twentieth century, whenever an explosion of contemporary industry left individuals like Andrew Carnegie with great quantities of individual wide range. Carnegie summed within the philanthropic ideal within an 1889 article entitled, “The Gospel of riches.” Inside it, he unequivocally states the aim of the wide range philanthropist: “He whom dies rich, dies disgraced.”