Abstract
As an institution that often seeks to redress global inequality and poverty, philanthropy is commonly dismissed as either masking structural causes, an insufficient response, or a contribution to the problem itself. Either way, philanthropy is increasingly labelled as philanthro-capitalism because it serves the interest of capital. But what about philanthropy that engages, seeks to transcend, and tries to provide alternatives to the status quo? Such philanthropies have been highlighted in the literature, but their radical foundations could be further clarified. In seeking to do so, this article (a) engages a radical theory of poverty, (b) teases out key principles of radical philanthropy, and (c) critically highlights the need to consider radical philanthropy as an alternative to philanthro-capitalism. Radical philanthropy is quite distinct and, while it can be unrealistic for individual foundations to embody all its principles, as a collective, they can be considered as one important and concrete contribution towards realising the aphorism, popularised by the World Social Forum, that ‘another world is possible’.
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Notes
The idea is that poor and struggling states can kick-start their own development by creating new cities with new rules—‘charter cities’—by leasing parts of their territory to foreign powers, which would take charge, thus attracting investment, jobs, and private capital.
The case of Edge Fund reveals that there are legal implications for this model of philanthropy. They are not registered as a charity in the UK as this would limit them to only supporting ‘charitable’ projects and instead are a registered society under the Co-operative and Community Benefit Societies Act 2014.
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Acknowledgements
We would like to thank the following people who reviewed and commented on previous drafts of this article: Chris Budhan, Katrina Moore, Jenik Radon, James Wadham, Bob Zuber, and the anonymous reviewers. We would also like to thank Ben Courtenay and Will McManus for their research assistance.
Funding
This study was partly funded by Vice-Chancellor’s Postdoctoral Fellowships (RG152479).
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Herro, A., Obeng-Odoom, F. Foundations of Radical Philanthropy. Voluntas 30, 881–890 (2019). https://doi.org/10.1007/s11266-019-00136-1
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DOI: https://doi.org/10.1007/s11266-019-00136-1