(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
(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
(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.