Nearly half of the more than 85,000 private foundations in the United States were created in the past fifteen years. The amount of money placed in philanthropic trusts helps to make the charitable sector one of the fastest growing industries in the global economy. Linsey McGoey looks at this new golden age of philanthropy in particular, the Bill and Melinda Gates Foundation and asks: is this money doing much good? Large charitable organizations are replacing government as the providers of social welfare while their businesses often support economic instability and compound global inequalities. The new generation of mega-donors see that there is good business in charity and ignore the division between good deeds and profits. Are we losing the idea of social justice in the face of market-based philanthropy?
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LINSEY MCGOEY is a Senior Lecturer in Sociology at the University of Essex. She has been a member of the World Health Organization's expert steering group on the impact of a human rights-based approach to health. She has published reviews and op-eds for the Guardian, Open Democracy, Spectator, and Globe and Mail. Prior to Essex, Linsey held research fellowships at the University of Oxford.
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