Opinion: Today’s Big Philanthropists Are in the Midst of a Revolution

While political divisiveness and federal debt have eroded the government’s ability to spur social change, private philanthropists are committing vast sums to solve problems in health, education, and the environment, Bill George, a senior fellow at Harvard Business School, writes for Fortune.

Following in the tradition of Andrew Carnegie and John D. Rockefeller, today’s major donors are augmenting the importance of philanthropy in the United States and abroad.