New Philanthropy and Development.

Abstract

noThe chapter will consider the potential of philanthropy for social transformation. It takes a critical view of the prevailing conceptualisation in which philanthropy is considered to be an integral part of the neoliberal strategy to disperse state responsibilities in line with declining social expenditure. While philanthropic activities may be considered worthy in themselves, this chapter questions the political and ideological reasons why rich individuals, charities and large companies are engaged in social protection and poverty reduction through philanthropy. There is a broad consensus among the scholars contributing to this book that traditional philanthropy, which is driven by the ‘love of humankind’ and the wellbeing of others, has the potential to be transformative and address inequalities and injustices as well as to provide relief to the poor. However, New Philanthropy is more contentious as it reflects a relationship between giving and business interest, and the associated agency puts new philanthropists into a position of power and influence over the political and economic control of outcomes. The question of concern is not whether new philanthropy is good or bad, but what motivates this form of giving and whether the sources of new philanthropy funding are legitimate