Until the River Runs Dry
Every year, wealthy donors divert more money into intermediaries, drying up the river of donations meant for working charities. We can change that.
Every year, wealthy donors divert more money into intermediaries, drying up the river of donations meant for working charities. We can change that.
A set of our hot takes from the National Philanthropic Trust’s latest report on DAFs.
Americans are their most charitable at year’s end. But even on Giving Tuesday, billionaire donors crowd out the impact of small-dollar gifts.
Barre Seid’s record-breaking $1.6 billion donation to the Marble Freedom Trust boosts right-wing advocacy efforts. This kind of dark money giving allows multi-millionaires to buy influence and set the public agenda — avoiding taxes in the process.