In a piece for The Nation magazine, eight philanthropic leaders and thinkers — including Craig Newmark, founder of Craigslist, and Darren Walker, president of the Ford Foundation — describe the future of giving and how philanthropy can address income inequality and its effects.
Mr. Newark writes that a mix of ethical business practices and charitable donations might be a model for new philanthropists, particularity in Silicon Valley. He describes his Craigconnects.org venture, which seeks to promote and link organizations that are working for the “common good.”
Mr. Walker notes his advocacy for a “New Gospel of Wealth” — a reference to industrialist Andrew Carnegie’s Gilded Age call for the rich of his time to use their means to help the poor and support the greater good. At a time when economic inequality is stoking anger and fear, today's wealthy donors have “a tremendous opportunity to get in front of questions about how philanthropy and our economic system intertwine,” Mr. Walker writes.