Just 10% of the $300 billion given to charity each year comes from major institutional funders — the Fords, the Gateses, the MacArthurs, and the Rockefellers. Yet those funders have a monopoly on the term “philanthropy.” The billionaire who spends 99% of his time building his own wealth and 1% of his time thinking about charity is elevated to the status of “philanthropist,” while the poor bastard who spends 100% of her time serving as the executive director of a homeless charity and 0% of her time amassing wealth is called, at best, “staff.”