It's being called "trust-based philanthropy". The fact that this is so rare and subversive should cure libs of their idea that charity is selfless and not just another vector for the wealthy to exert control.
“trust-based philanthropy”, Jesus Christ. Imagine that coming out of your mouth and not thinking, "are we the baddies?"
Correct me if I have misunderstood the terminology. But isn't the point of a trust to prevent a single person from making all the decisions with it, like an investor? Working within the current system is always going to benefit the billionaire class (broadly speaking). It seems like she just happens to fall in that category by default. I haven't done any looking into the specifics, but this seems like a not terrible thing. At worst, a net zero? I dunno? I've also just pulled a tube, so if I'm way off, please correct me.
:cat-vibing:
Sorry if I was not clear, I meant that using “trust-based philanthropy” to describe what she's doing reveals that "normal" philanthropy is all about control and is insufficient by design.
Edit: also, trust-based philanthropy doesn't mean that a trust oversees how the money it's used, it means the philanthropist trusts the charity to use the money well without putting strings on it.
"This may embolden other donors to try something and take more risks."
Imagine giving away money and being worried that you'll risk "losing" that money lol.
Right on, i can get behind legit charity, especially if it makes other rich fucks look bad.
I know someone who worked for a charity and some local millionaire donated a lot of money to the charity and demanded complete control over how it was spent, and would sometimes tour the charity, making pointless demands as she walked about.
Her money was almost completely going to waste because she had no idea what the charity actually needed, in addition to wasting everyone's time when she showed up and demanded to be treated as royalty...but humouring her was worth keeping her quiet and getting other donations because her money bumped the charity's books up and apparently people are more likely to donate to places already handling X funds.
So, in short, yeah. I'm also in favor of making the other rich fucks look bad.
