Capital and Philanthropy: Donations from the Wealthy
نویسندگان
چکیده
viduals in both the United States and China. This paper includes a history of philanthropy in each nation, as well as the impact of notable wealthy figures on philanthropy. We also asses the motivations of wealthy donors and review the charitable areas that receive the most donations from this population. This paper analyzes and compares the donation trends from the top fifty philanthropists in both the United States and China. Finally, this data is compared with the total asset trends of the fifty wealthiest individuals in each nation. This data depicts that in both the United States and China, asset size increases more rapidly than donation rates over time. Capitalism offers a possible way to advance for humanity; however, increasing income inequality may damage the advancement. While substantial philanthropic engagement from wealthy individuals may be an important mechanism to balance capitalism and income inequality, the statistics indicate that collective sharing of capital has a long way to go. Research Report #22 May 2015
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