Lack of accountability and transparency put philanthropy at an inflection point

Right now, the very way philanthropy works in the U.S. is being critically examined by a growing chorus of experts and scholars who are challenging some of the basic assumptions that underlie giving. The tax code, lack of accountability and transparency, scant government oversight, the outsized opportunity to influence public policy, media adulation of megadonors… Read more »

Philanthropy can spark hope and change

Discouragement, despair and anger are understandable and common responses to the current experiences of systemic racial injustice and bigotry, an advancing global pandemic and an economic train wreck. Philanthropy, however, can offer a path forward. Philanthropy is inherently optimistic, reflecting the core belief that we can repair the world and have a positive impact on… Read more »

Giving in the time of COVID-19

The role of philanthropy in responding to this pandemic is critical. Nonprofit organizations, accounting for nearly one in ten jobs in the U.S. private workforce, with more than 12 million total employees, are in crisis. For many nonprofits, especially those that provide safety net services, demand has never been higher, and is only expected to… Read more »

Use facts to debunk entrenched myths about philanthropy

Over generations of giving, generous people have developed a wide range of “beliefs” about philanthropy. In fact, many of these beliefs are actually myths. Many beliefs about philanthropy are based on false assumptions or an inaccurate understanding of how contemporary philanthropy actually works. Ultimately, these myths can inhibit giving by discouraging people from believing that… Read more »

Philanthropy 2020: Meaningfully impacted by politics, tax law and climate change

As the philanthropic landscape continues to evolve in 2020, expect these meaningful developments. Political fundraising will challenge charitable fundraising. 2020 is likely to be the most-expensive-ever U.S. political campaign year. Billions of dollars will be donated to national, state and local campaigns. It is projected that media spending alone on U.S. presidential and congressional races… Read more »

The “secret sauce” of thriving 100-year families

When working with affluent families, I often hear the popular warning: “Shirtsleeves-to-shirtsleeves in three generations.” This quote suggests that a family’s wealth often disappears by the time it reaches the grandchildren of the wealth-creating generation. This saying is thought to derive from an even older English proverb: “There’s nobbut three generations atween a clog and… Read more »