The Rich Are Getting Richer, but They Still Don’t Do Enough for the Poor

Where have all the billionaires gone?

Their philanthropy is now needed more than ever, yet their giving, especially to needy constituencies, remains paltry, often nowhere to be found.

When the New York City Opera was on the verge of financial collapse, it might have seemed like a great opportunity for Mayor Michael Bloomberg to step in with a significant donation from his personal fortune. Instead, he said he was frustrated that the organization’s business model