Philanthropy And Donors

                                                   It is observed that rich people have become more conscious of helping to needy and downtrodden in the world. Therefore vast flow of funds is now flowing to NGOs that are working in different fields for needy people. Besides that, it is being donated without attaching too much string.

                                                   MacKenzie Scott a former wife of Jeff Bezos received a stake of $38 Billion in Amazon on her divorce from her rich tycoon Husband. She is very modest and without much publicity,  $18 Billion was donated to various NGOs without much string. It is a purpose that is important to her where money is being spent. Nowadays donors believe that NGOs know better how much money is to be spent and on which specific purpose.  They only obtain a few Data regarding those NGOs for their record purpose. This approach smoothens the process for donors and recipients.

                                                Gates Foundation is also giving large funds for various social purposes in developing and poor countries. They have given Billions of Dollars to eliminate various diseases. The eradication of polio is a glaring example of it.

                                                 Similarly, 'The William and Flora Hewett Foundation' which was floated by technocrats has also donated large funds to NGOs without much strings. Ford Foundation has put in 2 Billion Dollars for Institutions and Networks. Jack Dorsey the co-founder of Twitter and Square has donated 1.5 Billion Dollars. These are examples of how large funds are flowing for social purposes.

                                                 Mahatma Gandhi also gave the concept of 'Trusteeship'to  Rich Indian Tycoon. It means some part of their wealth is to be used for needy people through donations. That is how Indian tycoons like Birla and Bajaj have donated large amounts of funds for social purposes i.e. For the poor and needy. Nowadays Industrial Houses like Ambani, Infosys, and Adani have also created their foundations for social purposes. 

                                                In short, the feeling of giving something to needy and poor people is now developing on a large scale. That is one of the best developments for the welfare of the world. 

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