A Buffett Rule Worth Following; Oilman Joseph Pew likely didn't expect the charity endowed with his fortune to fund environmentalism and other leftist causes

[...]the foundations and other institutions endowed by the wealthy have often been taken over by people who have had little experience with entrepreneurial capitalism--and no conviction that philanthropy should help sustain it.

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Bibliographic Details
Published in:The Wall Street journal. Eastern edition 2013-03-27
Main Author: Lenkowsky, Leslie
Format: Newspaper Article
Language:English
Subjects:
Capitalism
Carnegie, Andrew (1835-1919)
Charities
Colleges & universities
Donations
Entrepreneurs
Entrepreneurship
Environmental protection
Philanthropy
Recessions
Social entrepreneurship
Tax rates
Wealth
Online Access:Get full text
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Description
Summary:[...]the foundations and other institutions endowed by the wealthy have often been taken over by people who have had little experience with entrepreneurial capitalism--and no conviction that philanthropy should help sustain it.
ISSN:2574-9579