Philanthropy and Teresa
Philanthropy:
I'm not sure how I feel about it. And I worked in the field for almost 5 years.
I am in favor of charity, and by that I mean a person giving money outright to good causes. Otherwise we wouldn't have much culture in the US. (i.e. museums, symphonies, public art, NPR), social service organizations, good libraries, etc.
However, there are a few things that are very wrong about foundations like Tereza's.
1. Large philanthropies are a way for the rich and companies to be able to retain control over their excess money and get a tax break from it as an added benefit. Sure, they aren't able to spend the money involved in a large foundation on themselves, but does this really matter? They still control it.
2. There is a ton of power that goes along with involvement in a large foundations. Even though your charity is set up to to 'do good work', ammassed wealth has a lot of political weight in both the public and private sectors.
3. Did you know that board members of foundations can get paid for their participation? Often times they get paid upwards of $10,000 for signing a few checks.
4. Nonprofits are always having to suck up to foundations, compete with each other for small grants, give away free things to potential donors, court them, pretend that the person writing the check is super smart, even if they really are just out of touch with the way that the world works (this is more often the case than not, in my experience). People complain about only 30 cents on the dollar getting to the actual 'starving person' or tuba player when they give to a charity, but this is the reason why. Nonprofits have to spend a lot of their time/resources staying afloat and they do that by getting grants.
5. I (and you are going to kill me for saying this Rich) believe that the government should be paying for much of what philanthropy pays for currently. Yeah, Tereza helps a few kids in Philly get after-school programming, but should really be an optional, an organization that could just go away if it doesn't get a big grant from a foundation, or should be a person's right, paid for by the government, like public schools are today.
Imagine this scenario: You are on the board of the Heinz foundation. They pay you 10,000 a year to give away money. The charity you give $10,000 to this year just happens to be the prep school that you send your daughter to in Newton or Wellesley. This is perfectly legal. But is it a waste of resources? YES!
If we taxed the rich more, didn't coddle and give kickbacks to them in the name of 'charity', perhaps we would be better prepared to pay for necessary programs for those who need them, and make life just a little more even?
(and this after I just made fun of the politik board...)