Bloomberg Philanthropies 2014 Annual Update

Apr 13, 2015 8:10 AM ET
Multimedia with summary

Mike Bloomberg: Modern philanthropy began as a substitute for government. Where government failed, philanthropists stepped in, providing food for the poor, hospitals for the sick, and libraries, museums, and colleges for the masses. Philanthropy continues to play a vital role in all of these areas. But some still see philanthropy as an alternative to government. I see it as a way to embolden government.

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