(May 14, 2020) A group of wealthy donors has a message for Congress: Make us give more to charity. Spearheaded by Scott Wallace, the co-chairman of the Wallace Global Fund, the group will send a letter to House and Senate leaders requesting a 10 percent minimum annual payout requirement for foundations and donor-advised funds for three years. … [Read more...] about Wealthy donors to U.S. Congress: make us give more to charity
Scott Wallace
Poll reveals vast majority of Canadians find foundation giving practices unacceptable
(May 7, 2020) It is unacceptable for charitable foundations to hold tens of billions of dollars in assets, and give only a tiny percentage away each year, according to the 87% of Canadians. This data comes from to a recent poll conducted by Ipsos and Giv3, the organization behind Giving Tuesday in Canada. (The survey has a margin of error of +/-3.5%.) “Canadian taxpayers do … [Read more...] about Poll reveals vast majority of Canadians find foundation giving practices unacceptable
How to trigger $200 billion in coronavirus aid at no cost to taxpayers: Tap foundations.
(May 4, 2020) If Congress could pump $200 billion into the economy at this time of unprecedented crisis without using a dime of taxpayer money, what politician of any party could resist? The funding would come from the tens of thousands of foundations set up by the wealthiest families in America: giant vaults of money they created to eventually be donated to charities. … [Read more...] about How to trigger $200 billion in coronavirus aid at no cost to taxpayers: Tap foundations.