Inherited Wealth

Cities and states are experimenting with trust fund accounts to narrow the racial wealth divide.

As inequality has grown in the U.S., the nation’s charitable system is in danger of becoming a taxpayer-subsidized platform of private power for the ultra-wealthy. This poses risks to the independent nonprofit sector and our society as a whole. It's time for reform — and we have some ideas.

This report examines the growing wealth of billionaires and other ultra-high net worth individuals in Massachusetts — where voters will have the chance to levy a 4 percent surtax on those making more than $1 million a year this November.

Donor-advised funds are set up to provide more benefit to their wealthy donors than to public charities. We can fix that.