More than 1,600 people registered to attend our October 19th webinar, “Where Has All The Money Gone?” — making it as clear as ever that there’s huge appetite for philanthropy reform.
In the webinar, which was co-hosted with Oregon Food Bank, NonprofitAF, CalNonprofits, and Crisis Charitable Commitment, we explored the growing diversion of charitable dollars into private foundations and donor advised funds (DAFs). Our panel of experts also discussed ways to reverse that trend and direct more money to working charities.
Said Chuck Collins, Director of the Institute for Policy Studies Program on Inequality and the Common Good: “Philanthropy is becoming more and more an extension of the power and influence of the very wealthy. It’s time to modernize the rules governing philanthropy.”
Vu Le of the blog NonprofitAF: “We just cannot be this patient any more. If we can mobilize, if we can start organizing and being louder and more assertive, I think that we can get the resources that we need.”
Ray Madoff, Co-founder and Director of the Boston College Law School Forum on Philanthropy and the Public Good: “We count on charities to do the most critical work in this country and we are starving charities by our failure to stand up for these rules that are intended to get money to charities and the beneficiaries they serve.”
Susannah Morgan, CEO of Oregon Food Bank: “Let’s all join together in demanding that we fix this and then when we show we can do that, we can move on to even bigger and better things together.”