"The common assumption that philanthropy automatically results in a redistribution of money is wrong. A lot of elite philanthropy is about elite causes. Rather than making the world a better place, it largely reinforces the world as it is. Philanthropy very often favours the rich – and no one holds philanthropists to account for it."
As if we ever needed proof...
https://www.theguardian.com/society/2020/sep/08/how-philanthropy-benefits-the-super-rich