Publication Date: May 2003
Publisher: Chronicle of Philanthropy
Author(s): Gary A. Tobin
Research Area: Banking and finance
Keywords: Higher Education; Fundraising and Philanthropy; Allocations
Coverage: United States
The author argues that mega-gifts (defined as $10 million or more) are going to the most prestigious organizations rather than the neediest. The largest recipients of mega-gifts are higher education, health, and arts and culture organizations. The author challenges assumptions that mega-donors make about where their largest gifts should go and offers thoughts on changing the current culture.