Summary of The Philanthropy Hustle

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The Philanthropy Hustle summary
At unprecedented rates, philanthropic organizations, such as the Gates Foundation, are donating money to for-profit corporations.

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In this succinct, compelling discussion of the current state of philanthropy, sociologist Linsey McGoey highlights a little-known fact: At unprecedented rates, philanthropic organizations are donating money to for-profit corporations. With the majority of charitable funds going to nonprofits, McGoey asks if it matters. She believes so, because the actions of philanthropic giants, such as the Gates Foundation, set a precedent. getAbstract recommends McGoey’s insights to those working in both the private sector and the nonprofit and voluntary sector.

In this summary, you will learn

  • How “corporate philanthropy” is evolving
  • How the private sector benefits from philanthropy
  • How large charities shape discussions on global issues
 

Summary

The Gates Foundation – worth $42 billion – is one of the largest philanthropic organizations in the world. In 2013, it donated $300 million to the World Health Organization (WHO). The money came with its own price tag: The foundation’s staff members are “unofficially” the first to review new WHO policies...
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About the Author

Linsey McGoey is a senior lecturer in the department of sociology at the University of Essex. She was an adviser to the World Health Organization and the European Neuroscience and Society Network.


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