So Rich Folks Aren’t Stingy As F**k After All?
At least half of American families have been giving money to charity every year – but that fraction had been declining prior to the global pandemic.
We’re living in a very different world now. Millions are unemployed, the needs of nonprofits are ballooning and there are constant appeals for donations on social media and television.
It’s still unclear how charitable giving will change. But one thing is the same: Massive donations by the rich and famous are making the same big splash they always do.
Take, for example, the recent group of billionaires who are donating to pandemic relief. The growing list of these high-profile givers includes established philanthropists like Microsoft co-founder Bill Gates, who runs a big foundation along with his wife Melinda Gates, and Alibaba founder J...