The Impact of Philanthropy in Modern Day Society

In 2012, the world’s renowned philanthropists of our time, Bill and Melinda Gates and Warren Buffet, founded “The Giving Pledge” in an effort to help address society’s most pressing problems by inviting the world’s wealthiest individuals and families to commit more than half of their wealth to philanthropy or charitable causes either during their lifetime or in their will. This is because philanthropy has now become the alternative tool to move the world forward, to transform the society and has opened opportunities for millions of the less fortunate.

Recent research indicates that despite the challenges in procuring funding, social change is taking place across the world through philanthropic actions. In the last few years in Africa for instance, philanthropic action has contributed not only to making Africa better, but has also enabled innovation and change that we may never have witnessed on the continent.

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