The growth of private foundations in Canada has occurred at the expense of government tax revenue. Philanthropic donations are dollars that have been redirected away from universal social services.
There are few things Americans like more than lists and money, but ranking philanthropists on the monetary size of their giving distorts our understanding of generosity, argues one ethicist.
In the age of austerity, governments have limited resources to invest in new areas of research – like clean energy – that have multiple risks. Billionaires like Bill Gates can help plug the gap.