It is an open question whether the philanthropic and nonprofit institutions of today have truly mastered this alchemy. More and more money is donated to charity every year, yet America's schools continue to fail, poverty continues to rise, and our environment seems ever more precarious. We would like to think that our contributions make a difference — and large contributions make a large difference — but there is surprisingly little evidence that this is so.
Don't Confuse Generosity With Impact on Society
[The Chronicle of Philanthropy]