David Rubenstein's Belief in 'Patriotic Philanthropy'

Summary

David Rubenstein explains his concept of 'patriotic philanthropy', focusing on preserving historical documents and monuments to educate citizens and foster patriotism. He discusses his purchases of rare documents and funding of monument repairs, and his views on the Giving Pledge and private philanthropy's role.

• David Rubenstein coined 'patriotic philanthropy' to describe his efforts to preserve US history and heritage.
• He purchased a copy of the Magna Carta to keep it in the US, and subsequently acquired other historical documents.
• Rubenstein funded repairs to the Washington Monument and the creation of an educational space under the Lincoln Memorial.
• He is making replicas of the Declaration of Independence to display in MLB and NBA stadiums.
• He discusses the Giving Pledge, encouraging philanthropy of time and money, not just by billionaires.
• He argues that private philanthropy can fill gaps where government action is slow.