April 3, 2011
A 'Platinum Age’ for Philanthropy Requires Donors to Change Their Ways
Modern American philanthropy will soon celebrate its centennial anniversary. In June of 1911, the steel magnate Andrew Carnegie was granted a charter to create the Carnegie Corporation. Thus was born one of the first general-purpose American foundations. John D. Rockefeller, the oil baron, soon followed suit, and together those industrialists ushered in giving’s first modern Golden Age.
Since then philanthropy has grown—but never more so than in the past two decades: The