Big Philanthropy Faces a Reckoning, Too

30 de abril de 2020


It’s time to challenge philanthropists and their foundations to open up their grant-making decisions to those who’ve been marginalized.

For a few weeks this winter, in the time before social distancing, it seemed as if Michael Bloomberg’s vast spending might buy him the Democratic presidential nomination. In the end, the marketing couldn’t overcome the product flaws, but what Bloomberg also collided with was a deep distrust of the billionaire class that has been steadily building in our politics. From Occupy Wall Street’s spotlight on inequality to the growing recognition that the once-golden tech and social media companies led by whiz kids like Mark Zuckerberg are just today’s version of extractive industries—mining our personal data for their own enrichment instead of oil and gas—big money has been on the defensive.