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Barbarians at the philanthropic gate: are foundation grants to corporations defensible?

Companies shouldn’t be on the philanthropic take: they should foot their own bills for expansion in new markets.

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LinseyMcGoey.jpg
LinseyMcGoey.jpg

Bill Gates in 2010. Credit: US Treasury Department/Wikimedia Commons. Some rights reserved.

In recent years, the Gates Foundation has given large amounts of money to some unusual suspects including Mastercard and Vodacom as part of a new philanthropic penchant for offering charitable grants to highly profitable corporations. It’s a move that diverts resources away from non-profit groups and hands them over to big business, on the assumption that business provides a more efficient route to social as well as economic change.