2min chapter

Idea Machines cover image

Idea Machines with Nadia Asparouhova [Idea Machines #48]

Idea Machines

CHAPTER

Philanthropy Today Is Not Representative of What It Used to Be

Modern philanthropy in its current form has only really existed since the late 1800s, early 1900s. The church was kind of maybe more played more of that role or that force in both like philanthropy experiments and direct services. But then as government stepped in around mid 1900s to become sort of like that primary provider and funder of public services that diminished the role of philanthropy. In the late 1960s, foundations just became much more heavily regulated. And I think that was sort of like the turning point where philanthropy went from being this like highly experimental and just sort of like aggressive risk taking sort of enterprise to much more like safe.

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