Your article fails to recognize the important contributions philanthropy can make to otherwise unrecognized causes. Take Bloomberg's donation for example; $25 million of his donation to Hopkins was earmarked for ALS research, an "orphan disease" for which grant funding is extremely difficult to obtain (especially in the sequestration era). While it may seem silly to you to donate such a large sum of money to a disease that affects only a small number of people, private donations are a source of great hope for the patients and families of those afflicted with ALS and other rare conditions.
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