How will British museums survive if they subject every donor to an ethical audit? | Mark Lawson

Nan Goldin’s opioid protest campaign means Sackler money is no longer welcome at the Tate, and the National Portrait Gallery is now poorer by £1mConsumers of culture will have been aware of the name “Sackler” above the frame of rooms and galleries in a…

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Don’t call Howard Schultz a billionaire. He’s just a ‘person of means’ | Arwa Mahdawi

The former Starbucks CEO’s attempt to rebrand the b-word shows how the super-rich justify their immense wealthHoward Schultz is worth around $3.4bn. While one might think that would make the former Starbucks CEO and would-be presidential candidate a “b…

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Jeff Bezos to fund schools where ‘child will be the customer’ with new charity

Amazon CEO will launch $2bn fund to help homeless families and low-income communitiesAmazon chief Jeff Bezos is launching a $2bn fund to help homeless families and build a network of preschools, saying the “child will be the customer” in his philanthro…

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The Greater Manchester town that was revived by philanthropy | Helen Pidd

Irlam’s fortunes have been transformed by its wealthy son, TalkTalk founder Neil McArthur. But should this model be replicated elsewhere?Neil McArthur has never forgotten the words uttered to him by a London-based property guru when he said he wanted t…

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Enemy of nationalists: George Soros and his liberal campaigns

Billionaire philanthropist returns as hate figure with his ‘plot’ to stop BrexitThe billionaire financier and philanthropist George Soros makes an easy and a useful enemy: he is a liberal, a generous promoter of democracy, human rights and open borders…

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The trouble with charitable billionaires

More and more wealthy CEOs are pledging to give away parts of their fortunes – often to help fix problems their companies caused. Some call this ‘philanthrocapitalism’, but is it just corporate hypocrisy? By Carl Rhodes and Peter BloomIn February 2017,…

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The Guardian view on George Soros: the best of the 1% | Editorial

Many billionaires try to influence the politics of countries that aren’t their own. Most do so by stealth but George Soros is open – and usually right

George Soros is hardly the first billionaire to spend some of his money trying to influence the policies of countries where he does not live or have a vote: the papers that have led the charge against his funding of anti-Brexit organisations are all owned by such men even if none is as rich as he is. And his decision to spend money campaigning for the remain cause should be welcomed. The public gift of another £100,000 to Best for Britain, a campaign group fighting to stay in the EU, could not be a better gesture of defiance at his enemies after he had been accused of masterminding a private campaign for the same end.

Mr Soros has for years been the target of organised hate campaigns, often coloured with antisemitism, which seem to go far beyond the hostility aimed at other international power figures. Only Rupert Murdoch enjoys a similar reputation as a sinister manipulator of democratic governments, and he is the target of much less orchestrated loathing.

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The Transatlantic giving gap: rich Britons outdone by charitable Americans

Although nearly £10bn was donated to UK charities last year, the wealthy in the US give far more of their cash to good causes

Britons donated nearly £10bn to charity last year, but philanthropy in the UK has a long way to go before it matches the culture of charitable largesse in the US.

The numbers illustrate the difference: an estimated $390bn (£293bn) was donated in the world’s largest economy in 2016. The sheer scale of the US, with a population five times the size of the UK and six times as many millionaires, explains some of the disparity. But there are also political and social factors that explain the size of the transatlantic giving gap.

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