October 8, 2010

Turning down Gates & Buffett: Philanthropy in China requires For-Profit Social Enterprises

Posted in Philanthropy at 6:08 pm by philanthropynews

Posted by Kevin Lee

A few days ago we witnessed two momentous occasions: 1) Bill Gates and Warren Buffett took their much anticipated trip to China to encourage philanthropy among China’s super rich, and 2) Many of these Chinese super rich turned down their invitations to meet with Gates & Buffett, because of their unwillingness to give away part of their wealth and participate in philanthropy.

Media have been hotly debating what happened, and many are asking: Where is China’s philanthropist? Why are China’s super-rich so reluctant to help others? Why don’t they follow the examples led by Bill and Warren?

(Read more via Forbes Blog)

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