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Philanthropy

Alexander Grelier
3/6/19

Philanthropy


Image result for chuck feeney
Stanford News: Chuck Feeney

1. What is the meaning of the word philanthropy, and what types of activities are associated with it? How is philanthropy different from “charity” or “charitable giving.”

According to Merriam-Webster, philanthropy is "goodwill to fellow members of the human race, especially active effort to promote human welfare." I think philanthropy is different from charity because charity is giving money to solve a problem short-term, while philanthropy is looking out for and helping humanity long-term.


2. Find out about the philanthropic work of Andrew Carnegie, including the amount of money he spent and the types of projects on which he spent it. Why did he invest so much in philanthropy, and why he decided to spend his money in the ways he did?

Carnegie believed in the "Gospel of Wealth," basically that it was the moral obligation of people with wealth to give back to other humans. He spent his money to support things he deemed important, such as to support education and reading, something that would help humanity long-term.

3. During Carnegie’s lifetime, the press called attention to philanthropic giving of his business rival, John D. Rockefeller. How did the two men’s giving compare?

Both Carnegie and Rockefeller gave hundreds of millions of dollars, invested in philanthropic foundations, and would give to many similar causes such as scientific research and education. Both men also started institutions to uplift humanity, such as the Carnegie Institution in Washington, and the Rockefeller University in New York.

4. What type of philanthropic work is the Carnegie Foundation involved with today? There are many different branches of Carnegie Foundation involved in philanthropic giving – be sure to note them all.

According to Carnegie.org, the Carnegie foundation still holds 26 different organizations, supporting art, international affairs, peace, and scientific research.
  • CARNEGIE COUNCIL FOR ETHICS IN INTERNATIONAL AFFAIRS 
  • CARNEGIE DUNFERMLINE TRUST 
  • CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE 
  • CARNEGIE FOUNDATION 
  • CARNEGIE FOUNDATION FOR THE ADVANCEMENT OF TEACHING 
  • CARNEGIE HALL 
  • CARNEGIE INSTITUTION FOR SCIENCE 
  • CARNEGIE LIBRARY OF PITTSBURGH 
  • CARNEGIE MELLON UNIVERSITY 
  • CARNEGIE MUSEUMS OF PITTSBURGH 
  • THE CARNEGIE TRUST FOR THE UNIVERSITIES OF SCOTLAND 
  • THE CARNEGIE UK TRUST 
  • CARNEGIE HERO FUND COMMISSION (US) 
  • CARNEGIE HERO FUND (BELGIUM) 
  • CARNEGIES BELØNNINGSFOND FOR HELTEMOD (DENMARK) 
  • FONDATION CARNEGIE (FRANCE) 
  • THE FONDAZIONE CARNEGIE PER GLI ATTI DE EROISMO (ITALY) 
  • STICHTING CARNEGIE HELDENFONDS (THE NETHERLANDS) 
  • CARNEGIE HELTEFOND FOR NORGE (NORWAY) 
  • CARNEGIESTIFTELSEN (SWEDEN) 
  • THE CARNEGIE RESCUERS FOUNDATION (SWITZERLAND) 
  • THE CARNEGIE HERO FUND TRUST (UK)

Who are currently considered major philanthropists? Find a current list and then choose one to focus on. Summarize what you are able to learn about that individual’s philanthropic giving.

According to Independent UK, Charles Frances Feeney is known as the "James Bond of philanthropy," giving $6.3 billion of his own money away while on keeping a net worth $1.5 million. He is the founder of Atlantic Philanthropies, an organization that has helped with the peace process in Northern Ireland, helped with the end of the juvenile death penalty, helped secure medication for millions of Africans with HIV/AIDS, and much more.

Imagine yourself as a philanthropist. What types of work would you invest in, and why?

If I was a philanthropist, I would do my part in trying to solve world hunger and undernourishment. I know it is a problem that is extremely difficult to resolve, but I would try to help as much as I can so more parents don't have to witness their own children starving or worry about when their next meal would be, which to me seems like one of the most heart-breaking positions someone could be in.



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