Philanthrocapitalism and the Hidden Power of Big U.S. Foundations

Abstract

This paper seeks to discuss the modern concept known as philanthrocapitalism. By shedding light on the philanthropic commitment of American billionaires, it investigates how super-rich benefactors exercise power by investing in huge foundations. A critical examination of the current rise of philanthrocapitalism is presented first, followed by a discussion on how foundations can be used to gain and maintain power to advance personal and business interests. The aim is to present a critical investigation of benefactors’ approaches to philanthropy.