June 13, 2011
Carnegie Corporation at 100: Thinking About Philanthropy
There have two "big picture" articles relating to philanthropy recently, triggered by the centennial of the Carnegie Corporation of New York. One article appeared in Fortune and is titled "What Does It Take for Philantropy to Deliver Results?" The other appeared in the Economist and compared the now 100-year old IBM with the Carnegie Corporation, asking "Has the Multinational Business or Universal Philanthropy Done More for Society?" Both articles raise interesting questions about what "success" means for philanthropists and the organizations they support, as well how best to benefit society. They therefore provide ample food for thought, especially as debates rage in numerous arenas regarding what "charitable" organizations should qualify for societal support in an age of government budget deficits and fee-for-service charities.
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