Don’t Rush Judgment on Biggest Givers
February 10, 2000 | Read Time: 1 minute
To the Editor:
Congratulations on your special report on the history of American philanthropy in the January 13 issue. I take exception, however, to Thomas J. Billitteri’s conclusion that Bill Gates’s giving “still outpaces that of Mr. Carnegie and Mr. Rockefeller.” (“Who Gave the Most: Carnegie, Rockefeller, or Gates?,” January 13).
Certainly Mr. Gates’s giving will eventually outdistance that of Mr. Carnegie and Mr. Rockefeller — but not yet. Remember, the $21-billion is in the foundation, and that which has been “granted” is not yet equal to what was granted and given by Messrs. Carnegie and Rockefeller way back “then” — even more so if you take into account the relative value of the dollar. In no way do I want to suggest that Bill Gates’ giving is any less spectacular.
Victor Gelb
Cleveland