ALAN'S LETTER

Apparently, when the ultra-rich are younger, scrappier, willing to take risks in their businesses, they don’t give money away. Instead, they use those talents to make more money. Then they get older and do give money away–to universities and hospitals.

I learned that Inside Philanthropy, one of the major publications covering charitable giving, awarded me its “Philanthropy Critic of the Year” Award saying, “The Leonard and Sophie Davis Fund president is also chair of the Crisis Charitable Commitment, an effort to get the super-rich to give more money away.

It’s Resolutions time of year, or perhaps Goals time of year, both of which are aspirational. For the most part, the resolutionary is responsible for making it happen, and when it doesn’t happen, they feel a little guilty. Herewith are my eleven Crisis Charitable Commitment 2023 Predictions

The American people are a generous lot. The somewhat well-off, middle class, working class, and even the poor, will be contributing to what should be a record Giving Tuesday. The $3 billion or so raised for a variety of noble causes this week masks how stingy the ultra-rich donor class–the 0.1% of taxpayers–really is.

If there were ever a question whether we live in a plutocracy, think about this: Many of the nonprofit organizations that work to protect the vote are operating at under 75% capacity for lack of funds, a gap that had it been filled could change outcomes in close elections.

The tremendous power that comes with excessive wealth…donors forego charitable deductions by giving to 501c4s, in exchange for which they have the freedom to influence elections; and rig the nature of our tax system

We have been en vacance in France and recently visited Omaha Beach and the American Cemetery in Normandy. The D-Day landing was an incredible feat accompanied by tremendous sacrifice. Among the many emotions and thoughts this visit generated, one was how in times of crisis Americans pulled...

An extremely significant philanthropic event took place two weeks ago. Wouldn’t you love to go back to school just to take one course: Philanthropy 401, a one-semester multidisciplinary course that does nothing other than study the recently announced $20 billion gift by Bill Gates to his Bill and...

Despite the rhetoric and high-profile commitments of 2020 and 2021 to the various crises surfaced by the pandemic, a burst of philanthropic dollars has failed to materialize.

The addictive drive to accumulate wealth is very powerful and might be one explanation for our limited success. But of late we’re hearing another explanation (or is it a rationale): “It’s very hard to give away money effectively.”