Recent coverage of and commentary about philanthropy and giving
A regular curation.
A mid-year collection of interesting and insightful thinking about grantmaking and giving.
While you and millions like you work hard, save, take risks, invest, and create opportunities, the elitist knowledge factories we count on to turn out productive, well-trained workers and managers have been transformed into indoctrination centers.
Eleven colleges with a combined total of $270 billion; six foundations totaling $163 billion.
The Ohio University professor emeritus talks to Michael E. Hartmann about whether tax-incentivization is a subsidy, the taxation of endowments in higher education, Milton Friedman’s 2003 e-mail to him about negative externalities in higher ed, whether there might also be negative externalities in philanthropy, and the taxation of endowments in philanthropy, as well as a little about the Ohio Bobcats’ football team.
The Ohio University professor emeritus talks to Michael E. Hartmann about the academic study of economics overall and applies a basic, general economic concept or two in the context of charitable giving to higher education.
The College Endowment Accountability Act, according to Sen. J. D. Vance, responds to “a problem, borne of unfairness and of mass subsidy from the American taxpayer, that has now metastasized into one of the most-corrupt and one of the most politically active and politically hostile organizations in the United States of America, and that is elite colleges.”
Wealthy nonprofits, especially universities, increasingly demonstrate the same behaviors that led Congress to regulate foundations more than 50 years ago. The law should be updated to include these organizations.
Manhattan Institute distinguished fellow harshly critiques Kenneth Griffin’s $300 million contribution to Harvard.
The nationally prominent legal expert in the taxation of nonprofits talks to Michael E. Hartmann about the taxation of higher-education endowments, comparing and contrasting the rationale for it to that for taxing private-foundation endowments, and explores some tax ramifications of other, newly emerging forms of giving.
The nationally prominent legal expert in the taxation of nonprofits talks to Michael E. Hartmann about her career, the different revenue-raising and regulatory roles of the IRS, the non-revenue-related role of state attorneys general, the tax treatment of private-foundation endowments, and the challenges of following complicated IRS rules for small foundations.
Increasing attention.
As University of Kentucky law professor asks, “Why are we focused only on universities?”
ICYMI.
Of the top 50 overall, colleges and universities are more than half. Very few, if any, of either type of the huge funds are clearly controlled by conservatives.
An exhortation—and legislation?—about charitable endowments.