It was Andrew Carnegie who said “the man who dies rich, dies disgraced.” When the steel tycoon retired he set up public libraries across the country and he gave away $350 million — an enormous fortune by the standards of wealth 100 years ago.
Now some say a new age of philanthropy is dawning in America. But not everyone is benefiting. Some say today’s benefactors are insisting on more strings, and attaching their own ambitions to those dollars. From churches, to homeless shelters, schools and Sudan, we take stock of how Americans give and why.
Eugene Tempel, Director of the Center on Philanthropy at Indiana University
George McCully, President of the Catalogue for Philanthropy
Doug Eller, Program Director at the Grace Hill Settlement House in St. Louis, MO
Michael Cohen, philanthropist