DAFs Redux

DAFs Redux

Almost exactly one year ago, I wrote about the hoarding and transparency problem with Donor Advised Funds (DAFs). Today, I’m writing to announce the Crisis Charitable Commitment’s new initiative–which will be launched tomorrow, July 28– to address the most significant...
LESSONS LEARNED

LESSONS LEARNED

Tomorrow, July 14, Bastille Day, we mark the one-year anniversary of the Crisis Charitable Commitment (CCC). Almost 100 CCC signers stepped up to the plate in 2020 and gave at a higher Charitable Standard to address the multiple social and economic crises highlighted...
The Absurdity of the Good Billionaire

The Absurdity of the Good Billionaire

Anand Giradharandas recently nailed it in a New York Times article when he exposed the fantasy of the “Good Billionaire.” He, among many other writers, have been questioning whether there should even be billionaires. When ProPublica revealed that Warren Buffett–the...
URTs and Philanthropy

URTs and Philanthropy

What timing! Even before last week’s explosive revelations by ProPublica that billionaires have perfected the art of not paying taxes, Senator Van Hollen and Congressman Don Beyer had planned to reintroduce their Millionaires Surtax (MS). The MS, a 10% income tax...
Whitewashing the Rich

Whitewashing the Rich

The Crisis Charitable Commitment was launched last July in response to the double whammy hitting nonprofits: greater-than-ever need while revenue sources such as galas or ticket sales were shut down. Three weeks ago the Wall Street Journal published an important...
Taxes, The Morning After

Taxes, The Morning After

Yesterday was Tax Day, when most Americans ante up their fair share to, as Oliver Wendell Holmes, former Justice of the United States Supreme Court said, “pay for a civilized society.” Unfortunately one group of taxpayers–the rich–have figured out how to upend the...