Home
About Us
John Arnold, a Houston-based billionaire, has been criticizing donor-advised funds (DAFs) in a way that shook the world of philanthropy.
In an interview with Arnold, Theodore Schleifer of Vox, asks effective questions that have stirred up philanthropic organizations.
Arnold says that he is willing to talk about DAFs because he found out that legacy foundations, when they are managed by staff and board structure, everything gets more bureaucratic. He adds there is also the other problem with the idea of "giving from the grave".
Arnold points out that the DAF issue is one of the areas where the criticism is valid. He says that people are getting tax advantages by putting money into the DAFs, and they're not "abiding by the spirit of the regulations about how that money is to be put back into society."
Arnold also argues that each DAF account should meet that minimum 5 percent spend and notes down possible ways to enforce this.
Arnold also responds to today's new conversation around billionaire power in politics and to what extent public policy and role of government can provide solutions to help. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"Every moment spent in the lab brings PCRF's doctors and researchers closer to finding cures, underscoring the importance of every contribution, big and small." That's the message from the...more
"Thanks to donors like you, ECU is an engine of opportunity for our students, a hub for economic development and industry, and a provider of first-class health care to the people of eastern North...more
Every year, the world's richest people gather in Sydney to raise money for children's hospitals, and this year's event is no exception. The Sydney Morning Herald reports Australia's richest...more
"We are committed to being an industry leader in creating a culture where every individual is valued, respected, and can fully contribute their best selves." So says Hillary Wirtz, the senior...more
Foundation: National Philanthropic Trust
Donor-advised funds, which allow donors to store money in a private account and have it directed to charities without having to set up a private foundation, are a popular way to donate in the...more
When Michael Crow heard about New York's New York Presbyterian Hospital's Lang Youth Medical Program, his first thought was, "What can I do to support this amazing program?" Crow is a member of the...more
Bo and Donna Gossett have pledged $2.5 million to help create the "No. 1 student experience in the country," according to a press release from Clemson University. The couple's gift will go to...more
For two days in March, music fans gathered in Phoenix's Steele Indian School Park for the McDowell Mountain Music Festival, which featured electronic dance music (EDM), R&B, and indie rock. But...more
The University of Kentucky is looking for a director of philanthropy to lead its major gift fundraising efforts, the Lexington Herald-Leader reports. The ideal candidate has a bachelor's degree...more
Foundation: Rockefeller Foundation, Winthrop Rockefeller Foundation
The University of Arkansas at Pine Bluff is honoring five people for their "extensive community involvement, philanthropic endeavors, and exemplary service to the community," per a release. The...more
Philanthropy News from...
San Francisco Foundation
United Nations Foundation
Carnegie Corporation of New York
MacArthur Foundation
Community Giving Foundation
National Philanthropic Trust
Rockefeller Foundation
Winthrop Rockefeller Foundation
Chester County Community Foundation
Community Foundation of the Central Blue Ridge
Social Entrepreneurship
Spotlight
Calgary Social Enterprise Offers High-Tech Services by People with Autism
Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.
