Public Benefit or Playthings of the Rich?

  • Diana Leat


Philanthropy—whether large or small, individual, or institutionalised in a foundation—is private giving for public good. Unlike taxes, philanthropic gifts are not required, they are choices and the giver could have chosen other ways to spend his or her money. As Jersey-based Australian philanthropist Graham Tuckwell remarked when giving AU$50 million ‘I could have bought a yacht … but then how could I sit in church’ (Quoted in Feb 5 2013).


Corporate Philanthropy Public Benefit Ford Foundation Foundation Form Elite Institution 
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Copyright information

© The Editor(s) (if applicable) and The Author(s) 2016

Authors and Affiliations

  • Diana Leat
    • 1
  1. 1.Cass Business SchoolLondonUK

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