Chronicle of Philanthropy (subscription) The Dangers of Shutdown Philanthropy Chronicle of Philanthropy (subscription) The Arnolds made clear that they don't want government to think philanthropists can or should step in to provide the payments.
Molly Martin's insight:
For now, the surge in philanthropy is helping to fill a gap in critical services. But legislators and philanthropists should tread carefully into this territory. This practice cannot and should not become the standard way of operating until we understand fully what is at risk.
"While Millennials may not have the means to give in large amounts, they are giving. They are also much more willing to fundraise for an organization by asking their networks to contribute to their personal campaigns." Presumably the same applies to nonmonetary contributions such as becoming advocates, joining social movements, etc.
"One hundred years later, big philanthropy still aims to solve the world’s problems—with foundation trustees deciding what is a problem and how to fix it. They may act with good intentions, but they define “good.” The arrangement remains thoroughly plutocratic: it is the exercise of wealth-derived power in the public sphere with minimal democratic controls and civic obligations. Controls and obligations include filing an annual IRS form and (since 1969) paying an annual excise tax of up to 2 percent on net investment income. There are regulations against self-dealing, lobbying (although “educating” lawmakers is legal), and supporting candidates for public office. In reality, the limits on political activity barely function now: loopholes, indirect support for groups that do political work, and scant resources for regulators have crippled oversight."
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