Philanthropy and the Family Business


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The author of the article argues that capitalism is the best system for our society in the United States. He cites failing socialist societies, such as Portugal, Greece and Italy to counteract the notion supported by today's youth that socialism is the best way to go.

He then goes on to describe our system as "philanthropic capitalism," rejecting the name "welfare capitalism." He supports this nomenclature by describing that the wealthy in our nation, for the most part, instead of being required to pay high taxes for certain benefits to the less fortunate, choose to give to charities.

He argues that this is more beneficial than socialism, and that many successful family businesses give back to the community in form of community donations. This can involve new buildings or donations to neighborhood initiatives. The author lists examples of Wisconsin small businesses that have given back to the community.


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Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

LA Unified School District Launches Fund for Equity and Excellence
Foundation: California Community Foundation

The Los Angeles Unified School District has announced the launch of a $3 million fund that will pool philanthropic resources in support of its students, teachers, and families. The Fund for Equity...more

Community Foundation Peer-to-Peer Fundraising Effort Pays Off
Foundation: Community Foundation of Bloomington and Monroe County

The Community Foundation of Bloomington and Monroe county hosted their first Giving Day with Mightycause to raise funds to initiate a new endowment. Through direct support and engagement of their...more

Omidyar Sharpens Focus on Multi-Lingual Platforms for India

Investors in India are pouring hundreds of millions of dollars into new multilingual technology platforms that are designed to give rural populations an entry point into internet usage. The Omidyar...more

Bezos Hints at Plans for Philanthropic Vision

Jeff Bezos is the richest person in the world and has been criticized for not contributing more to philanthropy. This summer that may all change according to a Tweet release by Bezos. He claims that...more

Giving USA: Charitable giving topped $400B in 2017, but small nonprofits need help

American are very generous, donating over $400 billion to charities in 2017. However, not all charities benefited equally. The largest gifts went to nonprofit organizations, leaving many smaller...more

Following The Money: Why Foundations Should Be Analysing Their 'End Spend'

In an article on Forbes the head of a philanthropic education firm posits that foundations could benefit the field and nonprofits from taking a more holistic approach in their funding...more

Community Foundations Can Be Key Partners in Meeting UN SDG Goals

Bruce DeBoskey, a philanthropic strategist posits that community foundations will play a critical role in fulfilling the U.N.'s Sustainable Development Goals. The SDG's provide a roadmap for...more

Could Embracing Innovation Accelerate Progress in Philanthropy?
Foundation: Gates Foundation, Rockefeller Foundation, Winthrop Rockefeller Foundation

Despite $60 billion dollars going toward philanthropic causes each year, no philanthropist can identify a problem they have actually solved. While hungry people may be fed, and homeless people may be...more

14 More Have Signed the Gates-Buffett Giving Pledge

In 2010, Bill and Melinda Gates united with Warren Buffet to create The Giving Pledge, enlisting 40 American philanthropists to join them in promising to donate at least half their wealth to...more

Effective Altruism: A New Movement, or Another Failed Philanthropic Proposition Repurposed?

This blog post discusses the growing trend of effective altruism. Effective altruism, in essence, is choosing where to donate money based on how much good the charity is doing. It's a weird way of...more







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Edited by: Michael Saunders

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