The Sisyphean Task of Giving Tuesday
While we celebrate the incredible generosity of millions of Americans this past December 3, the numbers also drive home just how unequal philanthropy has become — and how urgently we need to fix it.
While we celebrate the incredible generosity of millions of Americans this past December 3, the numbers also drive home just how unequal philanthropy has become — and how urgently we need to fix it.
Prominent philanthropists, national funders, and policy organizations are launching a campaign to call for common sense charity reforms.
As DAFs become an ever-larger portion of the nonprofit funding system, both sponsors and donors must be held to a higher standard.
The Ipsos poll found that a solid majority (75%) believe there should be a maximum amount that ultra-wealthy donors can claim to reduce their taxes.
Some donor-advised fund sponsors claim to democratize giving. They are making themselves look more egalitarian than they actually are.
Our report estimates that the direct taxpayer subsidy for charitable giving is $111 billion a year.
The new analysis details how the ultra-wealthy use charitable giving to avoid taxes and exert influence, while ordinary taxpayers foot the bill.
The IRS just released two years of long-awaited nonprofit tax filings. We found an enormous jump in DAF-to-DAF giving.
When ultra-wealthy donors dominate philanthropy, our charities are less resilient.
Taxpayers are subsidizing donors who retain control of their wealth instead of sharing it through philanthropy.