- Friday, April 19, 2024
By: Eastern Eye Staff
EDUCATION MAIN FOCUS OF GLOBAL PHILANTHROPY AS THE rich get richer, the world has entered an “age of philanthropy”, with education the most popular focus of some 260,000 foundations globally, researchers said last Thursday (26). Increasing numbers of rich individuals, families and corporations are setting up foundations for social investment amid persistent inequality, said study author Paula Johnson of Harvard University’s Hauser Institute for Civil Society. “(Due to) the rapid growth of wealth around the world, more individuals and families (have) the ability to create philanthropic capital,” she told the Thomson Reuters Foundation. The richest one per cent of the…
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