BRIAN GAYNOR: Why is the Dio School Foundation a charity?

Thu, 24 Sep 2020

What is philanthropy?Philanthropy or charity is widely believed to be the transfer of money from the rich to the poor. However, British author Paul Vallely, who has written several books on the subject including the recently published Philanthropy – from Aristotle to Zuckerberg, believes that only 20 percent of US donations go from the wealthy to the less well off.Most donations go to the arts, sports teams, healthcare and education. The education money primarily goes to elite universities that the donors once attended, giving their...

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