The following article is cross-posted with permission from Alliance magazine blog. Based out of the UK, Alliance magazine is the leading global magazine on philanthropy and social investment. This article is cross-posted with permission.
Andrew Carneige’s 1889 essay “The Gospel of Wealth,” has done much to inspire modern philanthropists who want to ensure that their wealth contributes to making the world a better place. He was an early advocate of “effective philanthropy,” arguing that: