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The Philanthropy Hustle
Article

The Philanthropy Hustle

Jacobin, 2015

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Editorial Rating

8

Qualities

  • Analytical
  • Concrete Examples
  • Hot Topic

Recommendation

In this succinct, compelling discussion of the current state of philanthropy, sociologist Linsey McGoey highlights a little-known fact: At unprecedented rates, philanthropic organizations are donating money to for-profit corporations. With the majority of charitable funds going to nonprofits, McGoey asks if it matters. She believes so, because the actions of philanthropic giants, such as the Gates Foundation, set a precedent. getAbstract recommends McGoey’s insights to those working in both the private sector and the nonprofit and voluntary sector.

Take-Aways

  • The definition of “corporate philanthropy” is changing as private donations increasingly go to for-profit corporations.
  • The private sector promotes “philanthrocapitalism” as the solution to poverty.
  • Yet, the majority of philanthropic spending doesn’t reach the people living in the worst poverty.

About the Author

Linsey McGoey is a senior lecturer in the department of sociology at the University of Essex. She was an adviser to the World Health Organization and the European Neuroscience and Society Network.


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