philanthropy

715 Words2 Pages
bulb-icon

Recommended: Contribution of bill gates

According to Zimmer, “Philanthropy is important because it provides opportunities. Philanthropy supports projects and endeavours that may be too unpopular or controversial to gain widespread of support of the general public or the government.” (Zimmer, n.d, Importance para 1). In a modern democratic society, Philanthropy is considered and important source of funds to projects and organisations. As private entities, they are not bound to anyone or any government, thus having full control on choosing which projects that they wish to lend their backing. This is the essence of Modern Philanthropy. This assignment will identify three well known philanthropists which are the Bill and Melinda Gates Foundation, Warren Buffet and George Soros. It will then provide details on how their wealth had contributed to make a difference on the global stage.

The first notable Philanthropists are Bill and Melinda Gates, Through Their foundation they have given $15 million to provide means to fund new projects Innovative Sanitation Solutions across the Asian region. Bill Gates achieved his fortune by developing a company named Microsoft Corporations. The company is one of the pioneers to enter the computer software market. Having said that, a huge sum of his wealth is managed by Cascade Investment LLC as well as investment in Ecolab and FEMSA. In 2013, Asian Development Bank in collaboration with the Bill and Melinda Gates Foundation are to finance “more than $28 million in non-sewered sanitation and septage management projects across the region in the next five years” (B&MF,2014, para 2). The projects that are to be funded is the South Asia Urban Knowledge Hub, Pilot and Demonstration Activity Facility and the Septage Management in Coastal Towns ...

... middle of paper ...

...e poverty are “simple and inexpensive [as] nutrition, health, water, sanitation, education, women's status, agriculture, communications, roads and electricity can lift rural Africans out of severe poverty” (Harch,2014, para 8). In short to help solve the poverty issues in sub-Saharan African region The Open Society Foundation led by George Soros had contributed $50 million.

In short, this assignment indicated that the Bill and Melinda Gates Foundation, Warren buffet and George Soros are three of the most renowned modern philanthropist. Through their wealth they have provided to support change on an international level. From the research that had been undertaken, contributions from philanthropist have helped to provide opportunities. From their contributions, they are able to support projects and endeavours which had difficulties raising funds to support the cause.

Show More
Related

  • The History of Nonprofit Organizations in America

    1378 Words  | 3 Pages

    Kevin C. Robbins (2006) says modern organizations can trace their origin to the philanthropists who feel a sense of moral or spiritual obligation to a cause (p.13). It is at the basis of human relationships and civilization to care for the needs of others, and has been for centuries. Nearly every religion emphasizes in some way the spiritual and moral responsibility of individuals to contribute to others. Ancient Jews saw charitable giving as essential and imperative (Robbins 2006). It was expected that they participate in almsgiving for the poor, widows, and orphans. The Roman Empire contributed to our modern view of philanthropy, also. They had a sense of obligation to civilization to formalize and regulate philanthropy (Robbins 2006, p.17) Christianity has also greatly influenced the motives of philanthropy worldwide by encouraging the practice of self-sacrifice for the good of others in need.

    Read More

  • Bill Gates Poverty

    743 Words  | 2 Pages

    Gates’s idea regarding philanthropy due to the fact that upon setting up his foundation in 2000, he already was aware of the widespread criticism of existing programs to help the less fortunate. Moreover, successful programs, such as the Green Revolution, were overshadowed by growing awareness of their negative side effects on the environment and local cultures. Mr. Gates had growing awareness of such limits sparking new ideas on how businesses could approach poor countries. However, there is little evidence of benefit from the $2.3 trillion given in foreign aid over the past five decades. For example, all the aid given to Africa over the years has failed to stimulate economic growth on the continent. One might argue that there are just as many needy individuals in America, why not try to critically think of way to innovate to embody the struggling Americans, rather than poor countries around the

    Read More

  • Planned Parenthood Project

    318 Words  | 1 Pages

    Answer 1: Formulating policies for corporate philanthropy can be utilized to manipulate the competitive context of any company, allowing the company to improve its competitive edge. However, while doing so, it can only fulfill the demands of some of its stakeholders.

    Read More

  • How the Gates Foundation Reduces Poverty

    1602 Words  | 4 Pages

    The Bill and Melinda Gates Foundation started in 1997 when the Gates family read an article about the millions of children in poor countries who were dying from disease. They have been working to reduce poverty and poor health throughout the world ever since as well as create a better world for both future and present generations. The Gates Foundation is one of the few truly transparent organizations in the world where no money is going into the pockets of the founders. The two founders of the foundation are Bill Gates, who is the co-chair and a trustee, and his wife Melinda Gates, who is also, serves as co-chair and trustee. Other trustees are Warren Buffet and William Gates Sr. Several others work for the organization as both permanent staff and volunteers. We will be looking at their areas of focus, strategies, and main goals. We will also review how they give out grants and their overall effectiveness ("Bill & Melinda Gates Foundation.").

    Read More

  • Wealthy or Rich in Andrew Carnegie's Essay, Wealth

    959 Words  | 2 Pages

    A penny saved may be a penny earned, just as a penny spent may begin to better the world. Andrew Carnegie, a man known for his wealth, certainly knew the value of a dollar. His successful business ventures in the railroad industry, steel business, and in communications earned him his multimillion-dollar fortune. Much the opposite of greedy, Carnegie made sure he had what he needed to live a comfortable life, and put what remained of his fortune toward assistance for the general public and the betterment of their communities. He stressed the idea that generosity is superior to arrogance. Carnegie believes that for the wealthy to be generous to their community, rather than live an ostentatious lifestyle proves that they are truly rich in wealth and in heart. He also emphasized that money is most powerful in the hands of the earner, and not anyone else. In his retirement, Carnegie not only spent a great deal of time enriching his life by giving back; but also often wrote about business, money, and his stance on the importance of world peace. His essay “Wealth” presents what he believes are three common ways in which the wealthy typically distribute their money throughout their life and after death. Throughout his essay “Wealth”, Andrew Carnegie appeals to logos as he defines “rich” as having a great deal of wealth not only in materialistic terms, but also in leading an active philanthropic lifestyle. He solidifies this definition in his appeals to ethos and pathos with an emphasis on the rewards of philanthropy to the mind and body.

    Read More

  • Business Ethics Case Study: Warby Parkerer

    354 Words  | 1 Pages

    Corporate philanthropy is listed in our textbook as donations to non-profits of all kinds. Warby Parker does this by donating the cost to make eyeglasses to VisionSpring. VisionSpring helps trade people, mainly women, in these developing countries so they can make and treat

    Read More

  • Oxfams Of Poverty

    1104 Words  | 3 Pages

    As social beings, humans desire interaction with others in order to attain a gratifying existence. When people are in unfortunate situations, other people come to their side. These acts are commonly known as charity. As the voluntary giving of help to those in need, charity has become the means of wealthy philanthropists to showcase their affluence and prowess. However, giving at its most basic level is attainable by any individual willing to make the sacrifice. Giving is a symbiotic relationship that not only helps those in need but also those that give. Those who give their time, talent, and/or treasure feel a sense of worth and achievement when seeing how their charity can make an impact. However, simply giving food or money does not solve the problems of impoverishment that are deeply rooted in injustice and inequality. Giving must attack the foundation and origin of poverty before any sort of success is achieved. Oxfam International works in ninety countries to right the wrongs of poverty and provide lasting solutions to injustice around the world; therefore, it is the best charity to donate one’s money.

    Read More

  • Apple Philanthropy Case Study

    875 Words  | 2 Pages

    As a part of overall business strategy, organizations undertake philanthropic efforts as a means of marketing and promoting social responsibility. As a tool that business executives can utilize to drive corporate goals, philanthropy not only helps to support communities, but also empowers employees and creates excitement in the workplace towards a common purpose (Muller, Pfarrer, & Little, 2014). Philanthropy is also big business, particularly in the United States of America. Through a survey conducted on 2013 donations, the Aluminum giant Alcoa and its foundation donated 12.1% of its profits, equating to $39 million dollars. Conversely, Walmart donated only 1.4% of its corporate profits, but this amounted to

    Read More

  • Servant Leadership Personal Statement

    507 Words  | 2 Pages

    The firm wanted to promote corporate social responsibility, so I spearheaded the idea of purchasing school materials and a volunteering program for employees to tutor unfortunate high-school students. Within two weeks, this program reached over 1,200 students in Jakarta. If in that short time, a single business could make such an impact, imagine the great things that would happen if all Indonesian business helped out. With the scholarship I know that it will allow me to the next step in my education, to equip myself with the necessary tools to initiate a revolution for a greater cause; to make impact that truly

    Read More

  • corporate responsibility

    818 Words  | 2 Pages

    In an atmosphere where the number one priority is to make as much money as possible, many question rather or not corporate responsibility is possible. Corporate responsibility represents “a corporation’s social and environmental obligations to its constituencies and greater society (Argenti 2013).” In a profit driven environment, there are several factors that can influence or encourage corporations to also consider greater society in the course of their decision making and subsequently in their priorities as well. The process in which corporations make these decision or the deterring elements that show corporations effect on the community that it serves or the community surrounding it, is a viable realm of analysis in the discussion of corporate responsibility. An article perfectly explicates the Corporate responsibility as,

    Read More

  • George Soros

    400 Words  | 1 Pages

    George Soros has a long history of donating to worthy causes. He became active in the field during the 1970s when he provided funds to help black students attend the University of Cape Town in apartheid South Africa. Much of his philanthropy has been geared towards encouraging developing nations to be more open to freedom of commerce and more open to progressive ideals such as equality, freedom of speech and human rights. Since 2003, George Soros has been active in American politics. He has donated to progressive independent media companies as well as groups supportive of progressive candidates such as the Center for American Progress, MoveOn.org and America Coming

    Read More

  • Crowdfunding Case Study

    2127 Words  | 5 Pages

    Almost all charity organizations operating internationally, are raising funds via crowdfunding. Now-a-days people have chosen crowdfunding as the best way to raise funds for social causes and events related to general awareness or social gathering. From funding someone’s medical fees or educational fees to raise funds to fight with natural disasters of a country. If we look at the latest event that just occurred in Nepal, a major earthquake hit Nepal on 25th April 2015 and it is feared that more than ten thousand people died. To send humanitarian aids in Nepal, almost all NGOs are raising funds via crowdfunding. Individuals are donating their money through

    Read More

  • Alleviation Of Poverty Essay

    2449 Words  | 5 Pages

    Despite more than half of global poverty rates being cut down since 1990, one in five people in developing regions still live on less than $1.25 a day. There are many causes of poverty, and these causes are related, therefore tending to cluster and reinforce each other, making poverty alleviation a very complex endeavor. Different

    Read More

  • Bill Gates the Entrepreneur

    1505 Words  | 4 Pages

    Gates has also given over half of his life earnings to charity and other public minded organisations. This has helped him achieve not only the status of one of the world's greatest entrepreneurs, but also a man who ultimately cares about the future of society, which is reflected in new product developments and technologies, all of which are designed to make our lives simpler.

    Read More

  • Importance Of Philanthropy Essay

    1163 Words  | 3 Pages

    Philanthropy is powerful because everyone can be affected by the love for mankind, this can change the world for better. Philanthropy is not the practice of self importance and putting yourself above others. Philanthropy and its power of changing the world is about donating to charity your time, belongings, or even sharing kind words or advice in an effort to better others. It is about giving to others less fortunate, and caring about other humans. Whether you know them or not, helping others and caring for the welfare of those less fortunate can change the world. One person can change the life of someone else's by one simple act of charity or kindness. Bill Gates is a wonderful example, due to his material advantages, he can give his belongings to others to help them, rather than keeping all his success to himself. Over his lifetime Mr. Gates donated $27

    Read More

More about philanthropy

Open Document