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.

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