“One of the first generous spirits from the private sector to become a major partner in these Reconstruction efforts was George Peabody (1795–1869). A talented financier, Peabody began with virtually nothing and became fabulously wealthy.”

“Years before Andrew Carnegie composed his “Gospel of Wealth,” the prudent Peabody advocated that the new rich had a special responsibility to give back to society. As with Carnegie, Peabody’s humble beginnings together with an open door of opportunity clearly left a mark upon him and contributed to his empathy for those in greatest need.”

[Excerpts taken from The Liberating Promise of Philanthropy.]

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