One reason why the steel magnate spent so much of his fortune building libraries across the nation and abroad is that he saw handing large fortunes to the next generation as a waste of money.
There are reasons to channel Harvey aid through the nonprofit despite evidence that it wasted money following Haiti’s earthquake and fumbled Superstorm Sandy relief efforts.
People may initially assume the worst when they encounter for-profit companies with social missions. What can these social ventures with good intentions do to gain people’s support?
Economic trends, not politics, typically influence how money money Americans donate to charity. Yet some advocacy groups say their donations surged after the 2016 presidential election.
The tax changes Trump and GOP lawmakers propose would reduce charitable giving, research suggests. But letting everyone use a tax break mostly enjoyed by the rich might prevent that.
In ‘The Givers,’ author David Callahan warns that today’s mega-rich philanthropists wield too much political clout. He may be exaggerating their power and lowballing the public’s own strength.
As these tax-exempt vehicles transform philanthropy, they’re drawing more scrutiny. Will Congress or the Trump administration tinker with the rules that encouraged their rapid growth?
Associate Professor of Philanthropic Studies and Donald A. Campbell Chair in Fundraising Leadership, Lilly Family School of Philanthropy, Indiana University
Professor of Economics and Philanthropic Studies; Associate Dean for Research and International Programs, Lilly Family School of Philanthropy, Indiana University