Foundation Payout Mandate Would Raise $8.7 Billion in Revenue Over 3 Years
The mandate would also have both a positive fiscal impact and give a $200-billion boost to active charities.
The mandate would also have both a positive fiscal impact and give a $200-billion boost to active charities.
The wealthier the donor, the bigger the taxpayer subsidy.
America’s wealthiest 657 billionaires stand $1.3 trillion richer than they were last March.
For-profit hospital billionaire owners see wealth increase by $8.1 billion since March 2020