The real Grinch this pandemic Christmas? Some wealthy foundations, a foundation president says.
“I’ve been in philanthropy over 40 years, and things have never been worse,” said Alan S. Davis, who runs the $150 million Leonard & Sophie Davis Fund. “I think we’re at the brink.”
That’s why he is championing the Crisis Charitable Commitment, which encourages foundations (legally bound to give 5%) to boost their giving to 10%. So far, 22 foundations, including his own, have signed on to do just that. So have 35 wealthy Americans.