The Problem with Modern Philanthropy

Guest: David Callahan, Founder and Editor of "Inside Philanthropy" and author of “The Givers: Wealth, Power, and Philanthropy in a New Gilded Age” A few months ago, we discussed the amazing story on a foundation called The Atlantic Philanthropies, which just gave away that last of founder Chuck Feeney’s fortune. The amazing part is that Mr. Feeney is still alive and entirely committed to “giving while living.” The concept is popular now among billionaires, including Mark Zuckerberg, Warren Buffett and Bill Gates.  But author David Callahan warns of a dark side to such unprecedented generosity in American society.