Why Rich People Donate | "Veblen Giving"
Veblen giving
/ˈveblən ˈɡɪvɪŋ/
noun
Philanthropic donations made primarily to gain social status and prestige, where the perceived value of the gift increases with its size and public visibility. This form of giving is characterized by high-profile, large-scale donations that serve not only charitable purposes but also as public displays of wealth, social status, and moral virtue.
Origin Early 21st century: from Veblen (after Thorstein Veblen, American economist who described conspicuous consumption) + giving.
Coined by Whole Whale, 2024
https://www.wholewhale.com/tips/the-r...
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