6 reported
According to a Vox article, the early 2010s saw a surge in viral generosity campaigns on social media, such as the ice bucket challenge for ALS research and #GivingTuesday, alongside the Giving Pledge for billionaires. The article reports that by the mid-2010s, changes in social media algorithms and a fractured internet made earnest, apolitical giving less common and even considered passé. It states that fewer Americans have donated to charity in recent years, and billionaires appear to be giving away a smaller share of their wealth. The article notes that the Giving Pledge has lost momentum and faced criticism from figures like Peter Thiel. It attributes the decline not to a giving crisis but to an attention crisis, exacerbated by rising inequality and a shift away from generosity as a cultural value. The article suggests that viral nostalgia for the early 2010s may indicate a potential return to earnestness.
What’s reported
The ice bucket challenge in 2014 raised money for ALS research and involved participants like Bill Gates, Mark Zuckerberg, Jeff Bezos, Justin Bieber, David Lynch, and Donald Trump.
The Giving Pledge, launched in 2010 by Bill Gates, Melinda French Gates, and Warren Buffett, aimed to convince billionaires to donate at least half their fortunes; at its peak, about one in seven American billionaires signed.
Asha Curran co-founded GivingTuesday in 2012, which raised at least $10 million in its first year, a 53 percent spike from the prior year.
The article states that for much of the past decade, fewer Americans have given to charity each year, and most billionaires are giving away a diminishing share of their fortunes.
Scott Harrison, founder of Charity: Water, said fundraising has become difficult in recent years, noting that giving is "not on trend" and "phased out."
Aaron Dorfman, CEO of the National Committee for Responsive Philanthropy, criticized the Giving Pledge at its launch, believing billionaire giving was too slow and self-serving.
Key figures
Bill Gates
Melinda French Gates
Warren Buffett
Mark Zuckerberg
Chris Christie
Elon Musk
Ryan Seacrest
Chris Anderson
Asha Curran
Scott Harrison
Aaron Dorfman
Peter Thiel
Justin Bieber
David Lynch
Donald Trump
Jeff Bezos
Lindsay Lohan
Lady Gaga
Wyclef Jean
Travie McCoy
Bruno Mars
Sources: vox.com