Philanthrocapitalism

The term "philanthrocapitalism" is used to describe the newly wealthy's businesslike approach to giving, and is the focus of a recent book by Matthew Bishop, Philanthrocapitalism: How the Rich Can Save the World.

Through interviews with Bill Gates, George Soros, and other major philanthropists, as well as discussions with celebrities and nonprofit leaders, the book explores efforts to solve critical global problems. It points out that so-called philanthrocapitalists may be radically different from donors of the past because they emphasize results and business efficiencies.

Full-text article by Ian Wilhelm is available via the Chronicle of Philanthropy, 10.2.08. [Subscription required.]