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Data: Giving Tuesday; Chart: Axios Visuals

As noted in Axios' Philanthropy Deep Dive on Saturday, philanthropists are big-picture strategic thinkers who generally want to use their money to influence government. By their nature, they're generally unaccountable and undemocratic forces in society.

The big picture: Giving Tuesday, which just passed, is a countervailing force to the prevailing philanthropic winds. It serves no strategic purpose; it merely encourages ordinary citizens to give money to charity on the Tuesday after Thanksgiving. (The bigger long-term trend is that household donations to charity are declining, rather than rising.)

  • This year, Giving Tuesday raised an estimated $511 million for charity online, and $2 billion in total — all in a distributed, democratic manner.

The news headlines, however, went to the New York Philharmonic, which is attempting to raise $550 million to refurbish its current home.

  • That project involves removing more than 500 seats from the auditorium and disappearing Richard Lippold's glistening "Orpheus and Apollo" sculpture.
  • The exterior of the orchestra's home will not be touched, which has helped keep the budget below the previous $900 million estimate. Still, $15 million has already been spent paying the family of Avery Fisher to allow his eponymous hall to be renamed in honor of David Geffen.

Go deeper: Billionaires build new "benevolent aristocracy"

Go deeper

What's ahead for the newest female CEOs

Jane Fraser (L) and Rosalind Brewer. Photos: Jason Redmond/AFP via Getty Images; Rodrigo Capote/Bloomberg via Getty Images.

The number of women at the helm of America’s biggest companies pales in comparison to men, but is newly growing — and their tasks are huge.

What's going on: Jane Fraser took over at Citigroup this week, the first woman to ever lead a major U.S. bank. Rosalind Brewer will take the reins at Walgreens in the coming weeks (March 15) — a company that's been run by white men for more than a century.

1 hour ago - Health

Biden says U.S. will have enough vaccines for 300 million adults by end of May

President Biden. Photo: Anna Moneymaker-Pool/Getty Images

President Biden on Tuesday said that ramped-up coronavirus vaccine production will provide enough doses for 300 million Americans by the end May.

Why it matters: That's two months sooner than Biden's previous promise of enough vaccines for all American adults by the end of July.

Updated 3 hours ago - Health

Texas to end all coronavirus restrictions

Texas Gov. Greg Abbott speaking at the White House in December 2020. Photo: Al Drago/Bloomberg via Getty Images

Texas will end its coronavirus restrictions next week with an upcoming executive order, Gov. Greg Abbott (R) announced Tuesday during a press conference in Lubbock.

Why it matters: After Abbott signs the new order, which rescinds previous orders, all businesses can open to 100% capacity and the statewide mask mandate will be over, though large parts of the state will remain under mask local ordinances.