‘Tis Always the Season for Billionaire Philanthropy
Americans are their most charitable at year’s end. But even on Giving Tuesday, billionaire donors crowd out the impact of small-dollar gifts.
Americans are their most charitable at year’s end. But even on Giving Tuesday, billionaire donors crowd out the impact of small-dollar gifts.
Watch our webinar on why food banks and other nonprofits should support philanthropic policy change — and learn how you can, too.
Patagonia founder Yvon Chouinard, a reluctant billionaire, puts company in trust devoted to address ecological crisis.
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.
Rising like monsters from the deep, donor-advised funds (DAFs) have finally caught up with foundations as the wealthy donor’s charitable warehousing vehicle of choice — and are poised to eclipse them.
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.
Concerns about warehousing charity dollars and tax subsidies for wealthy donors and perpetual foundations transcend partisan divide.
Giving USA 2022 is the gold-standard report on charitable giving in the United States. But this year's story glosses over two important pieces of long-term context: what has happened to the giving capacity of typical Americans, and where much of the charitable giving has actually gone.
Watch this stunning time lapse illustration of the rise of donor-advised funds (DAFs) as the largest recipients of charitable gifts.