the modern magnates of today are lauded for the rational use of their immense wealth via tax-efficient foundations to benefit society.
i would like to note here the passing of Robert Monks, who took a complementary approach in realizing the importance of not making that wealth in a contrary societal destructive manner before disbursement. founder of the ESG movement, Monks was critical in raising governance standard for corporations which set the bar for warren and the like, and also was beneficial to their public investments.

"...His was essentially a stakeholder view of capitalism. He argued that the unrestrained hunt for profits was taking a toll on society. Institutional shareholders should require management to move beyond short-term profit maximisation and act in a socially and environmentally responsible manner to ensure sustainable value for the future.
Such “wokery” enrages leaders of today’s Republican party. Monks always declared himself a proud Nelson Rockefeller-style Republican — economically conservative but socially liberal."
FT

it would be interesting to estimate how much capital was re-directed from corporations destructive to the public good, and possibly to themselves. impact probably orders higher than any one foundation.