Foundations say they want to challenge inequality. The truth is, they often perpetuate it. For better or worse, Bill Gates, Michael Bloomberg, the Buffett family and a growing number of hedge fund and technology billionaires use their large-scale giving to extend their influence at a time when rich people already have inordinate clout. This undermines democracy …
I spent last weekend in Charleston, WV, with my daughter, her husband and my two grandsons. They’re doing well. The same can’t be said about the state where they live. Nearly one in five people living in WV fall below the poverty line, which is $23,834 for a family of four. The percentage of children living …
The William and Flora Hewlett Foundation, one of the US’s biggest and most influential foundations, has taken a small step to distance itself from financing fossil fuels. The Menlo Park-based foundation, a leading funder of programs to avoid the worst impacts of climate change, has amended its social investment policy to say that it will refrain …
