Annotated Bibliography
The fundamental objective of the article The Charity of the Extremely Wealthy, by Tom Coupe and Claire Monteiro (1/), in essence shows the charity of the extremely billionaires who built their own fortune as opposed to billionaires who are beneficiaries of their parent's wealth. This article explores the differences regarding spending and charity giving between self-made billionaires and billionaires who inherit wealth from their families. According to the authors, "it is evident that self-made billionaires have a way of donating as well as giving pledged and may feature in the million-dollar gifts list or the philanthropy top 50 list of big givers as opposed
to those who are beneficiaries of family wealth". Basically, what Tom Coupe and Claire are trying to …show more content…
%E2%80%AFSociety°/o2C%E20/Q80Q/oAF48%285%29%2C+p.+397.+
This article of Optimizing philanthrocapitalism (5/) shows that philanthropism is the drive and passion actively promote the lives of other people through various ways within a person's ability. The intentions to raise the living standards are usually prompted by different factors as indicated in the philanthropic continuum and the philanthropic Impulse. "Philanthropic Impulse is the urge to help other according to virtues dictated by various religious rules". Notably, most religion emphasizes on humanism and the need to show compassion for the needy in the society.
The philanthropic continuum refers the efforts that a philanthropist makes in order to improve the lives of other people. The range can be driven by charitable or transformative intentions. According to Lorenzi, "Charitable philanthropy aims at providing instant relief for the people in need". Usually charities are temporary and rarely permanent. Whereas, transformative philanthropy aims at providing those in need with ways of acquiring the materials they want. Transformative efforts are usually sustainable as it provides long-term
The fundamental objective of the article The Charity of the Extremely Wealthy, by Tom Coupe and Claire Monteiro (1/), in essence shows the charity of the extremely billionaires who built their own fortune as opposed to billionaires who are beneficiaries of their parent's wealth. This article explores the differences regarding spending and charity giving between self-made billionaires and billionaires who inherit wealth from their families. According to the authors, "it is evident that self-made billionaires have a way of donating as well as giving pledged and may feature in the million-dollar gifts list or the philanthropy top 50 list of big givers as opposed
to those who are beneficiaries of family wealth". Basically, what Tom Coupe and Claire are trying to …show more content…
%E2%80%AFSociety°/o2C%E20/Q80Q/oAF48%285%29%2C+p.+397.+
This article of Optimizing philanthrocapitalism (5/) shows that philanthropism is the drive and passion actively promote the lives of other people through various ways within a person's ability. The intentions to raise the living standards are usually prompted by different factors as indicated in the philanthropic continuum and the philanthropic Impulse. "Philanthropic Impulse is the urge to help other according to virtues dictated by various religious rules". Notably, most religion emphasizes on humanism and the need to show compassion for the needy in the society.
The philanthropic continuum refers the efforts that a philanthropist makes in order to improve the lives of other people. The range can be driven by charitable or transformative intentions. According to Lorenzi, "Charitable philanthropy aims at providing instant relief for the people in need". Usually charities are temporary and rarely permanent. Whereas, transformative philanthropy aims at providing those in need with ways of acquiring the materials they want. Transformative efforts are usually sustainable as it provides long-term