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The United States is living through a second Gilded Age. But unlike yesterday’s magnates, today’s billionaires prefer to write checks to existing organizations. SSIR author Sarah Cone argues they should instead build institutions that last.
Join us for a conversation on Summer 2026 cover story “Why Don’t Philanthropists Build Anymore?” With SSIR’s academic editor Mitchell Stevens, they will discuss differences between Gilded Age and contemporary philanthropy and why billionaires have stepped back from building institutions.
Sarah Cone is founder and managing partner of Social Impact Capital. She is a company builder, a philanthropic advisor, a venture capitalist, and a mother.