The idea that charitable foundations should be required to hire more minority employees, was regrettably framed as a “threat” to philanthropy in an article in The Economist a few weeks ago. Specifically, The Economist article deals with a recommendation from the Greenlining Institute and the Philanthropy Roundtablethat foundations should be sensitive to diversity in the hiring of their employees. These suggestions have...
Read More...President Obama’s new budget proposals would limit itemized tax deductions to 28% for people who earn more than $250,000. It also calls for reinstating marginal tax rates of 39.6% for the same group. As a result, The Center on Philanthropy at Indiana University projects that overall charitable giving could decrease by 2.1% or $3.9 billion....
Read More...Can solutions to social problems really be found by the forces that help create them? I just finished reading Michel Kingsely’s Creative Capitalism: A Conversation with Bill Gates, Warren Buffett, and Other Economic Leaders. A pervasive argument of the articles in the book is that a healthy political economy maintains incentives for profit, while at the...
Read More...There is a lot of talk about the impact of current economic crisis on philanthropy. Amongst colleagues there are serious considerations of options. However some of the ideas being considered are quite inappropriate and perhaps even dangerous. In this serious economic crisis, the money available to foundations will shrink. We’ve heard dire predictions that as...
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