Summary
WHEN South Bank chief executive Michael Lynch talks about trying to reconcile Britain to the American practice of charitable giving to institutions commemorated by "name plaques", he overstates the role of this kind of philanthropy.
Of the $260 billion given philanthropically in the US last year, three-quarters came from small donors.See the full content of this document
Extract
Charity Begins at Work ; Readers' Views
The level of US giving is driven by cultural phenomena in a country which has always relied on private money.
But the US andUK are becoming more similar in other ways. Both are low-tax economies, driven by entrepreneurial wealth: 75 per cent of British wealth now is self-generated.We are moving from old-style chequebook philanthropy to a new style, which is about the involvement and drive of donors. We need to broaden the numbers involved with those giving generously setting an example and publicising their generosity.Anyt...See the full content of this document
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