In May, leaders of the Gates Foundation announced a $200 billion investment plan that will see the foundation close its doors in 2045. Supporters like Michael Bloomberg attended the announcement at Carnegie Hall, emphasizing a shifting landscape in philanthropy that responds to increasing global needs. TIMEâs inaugural Philanthropy list highlights influential donors and foundation leaders addressing urgent social issues, especially as government roles diminish. Notably, Elizabeth Alexander of the Mellon Foundation and Nick Allardice of GiveDirectly exemplify this proactive approach, ensuring that funding reaches the most vulnerable communities.
"As global institutions are chastened and world governments reverse ambitions, philanthropy is stepping into the void to address pressing global issues."
"The TIME100 Philanthropy list celebrates generous donors and leaders like Elizabeth Alexander, who are directing impactful funding to communities in need."
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