Innovation Dose

Innovation Dose
Save Trees (They will save you)

Thursday, June 28, 2007

I love my MONEY!




I just came across an article which was published exactly a year ago in The Indian Express. Pratap Bhanu Mehta writes:

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Creating a philanthropic culture is not as straightforward as one assumes.
And India has created genuine obstacles to professionalized philanthropy.

One of the striking features of Indian philanthropy before Independence was that it was genuinely philanthropic. A lot of it was directed at creating public institutions that the donors did not control.

Giving to public institutions, universities, libraries and public hospitals was common. Of the 16 largest trusts before Independence, 14 gave generously to institutions that were not under their control.

But today, much of what passes as philanthropy is really setting up your own institutions, whose purposes you direct and control.

Philanthropy is not just about the object of spending but also the manner in which the money is spent.

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Are richest, wealthiest Indians making apt contribution to the society?

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