Abstract

T HE twentieth century has seen the emergence of philanthropy as an institution of vast wealth and of far-reaching influence on the spiritual, cultural, intellectual, and physical life of American society. The private donor has been the architect of this development. He selects, in accordance with his own estimate of the public interest, the purposes to be served, and regulates the extent and duration of that service by the flow of his wealth. For its part in the process, government has played the indulgent parent, encouraging, subsidizing but rarely interfering except to forestall the grossest excesses. Society has no cause to complain. It has been repaid incalculable dividends for the privileges granted. Nevertheless, donor autonomy sustains a system which is something less than perfect in that all funds are not put to useful service. Some are dissipated on trivial or obsolete ventures, others remain inactive, and overall there is attrition through scatteration of insufficient funds among an infinite variety of purposes.' Could a more precise set of legal controls, assigning to government a greater responsibility in the shaping of charitable purposes, achieve a more efficient utilization of our philanthropic resources?

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.