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The Times of India
The Times of India
World
TOI World Desk

In 1997, Ted Turner pledged $1 billion to the UN and changed how billionaires thought about giving

The glamorous world of corporate philanthropy among the elites tends to regard large-scale donations as mere matters of predictability in local status or brand building. We tend to assume that, upon a commitment of an enormous sum of money from one of the media barons or technology visionaries to one of our esteemed institutions, the transaction will be limited to conventional terms, such as creating a department at the prestigious university.

However, such a conventional and seemingly safe approach completely ignores the huge and endless structural challenges faced by the world's human systems every day. Before any international organisation can implement health campaigns, solve the issue of environmental degradation, and protect children, it first needs to fill the gaping hole between its political priorities and financial capacity.

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