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The following is a conversation between Rob Reich, the Co-Director of the Stanford Center on Philanthropy and Civil Society, and Author of Just Giving: Why Philanthropy is Failing Democracy and How It Can Do Better, and Denver Frederick, the host of the Business of Giving.

In this interview, Rob Reich, the Co-Director of the Stanford Center on Philanthropy and Civil Society and Author of Just Giving: Why Philanthropy is Failing Democracy and How It Can Do Better, shares the following:

• How philanthropy is failing democracy

• Its difficult relationship with justice and equality

• What this crisis has made philanthropy realize