About Us

The Initiative to Accelerate Charitable Giving is a broad coalition of philanthropists, leaders of major foundations, non-profits and others who represent a broad spectrum of interests across philanthropy. We are united by our passion to give back and invite you to join us in fostering a culture of charitable giving that makes a meaningful impact.

Our Mission

Our core mission is to promote greater and more accountable charitable giving. Charities have always been a unifying force and cornerstone in society, addressing a wide breadth of unmet needs and helping Americans navigate today’s health, social and economic crises. At a time when charities need help more than ever, significant private sector resources are sitting in philanthropic vehicles that could be used to support charities and the millions of people they serve. We believe fixing the inefficiencies in our charitable giving tax laws will ensure the timely flow and increase of resources to working charities from these philanthropic vehicles.

Statement of Principles

 America’s charities are in a state of crisis. As the nation continues to wrestle with the devastating impacts of the COVID-19 pandemic on our communities and seeks to address issues of racial justice, demands for services from charities are greater than ever. 

 Congress has taken some steps to support charities and the beneficiaries they serve, but as philanthropists and representatives of major foundations and charities, we believe that government support cannot be the only solution. 

 America’s philanthropic sector can and should do more to help America’s charities. 

Right now, more than $1 trillion is sitting in private foundations and donor-advised funds (DAFs). Existing laws deliver significant tax breaks upon initial funding, but do not provide sufficient incentives or requirements to ensure that these funds will ever be distributed to working charities. 

Our coalition – The Initiative to Accelerate Charitable Giving – believes a few common-sense reforms could significantly increase the flow of resources to working charities from private foundations, donor-advised funds, and individuals, during this time of crisis and beyond. 

1. For private foundations, close loopholes to better ensure that distributions qualifying for the payout requirement are available for use by working charities; and incentivize greater payout through reforms to the excise tax.

2. For donor-advised funds, adopt measures to make sure that DAF accounts are distributed to working charities within a reasonable period of time. 

3. For individuals, incentivize greater giving by expanding and extending the new non-itemizer charitable deduction in a cost-effective way. 

 While many have given generously to address this crisis, current rules are not doing enough to close the connection between charitable tax benefits and benefits to charities. Significant private sector resources are sitting on the sidelines at a time when charities need help more than ever. As members of the charitable and philanthropic communities, we believe common-sense reforms would bring additional resources to bear at this critical time.

Our Members

We are philanthropists, leaders of major foundations, non-profits and others who represent a broad spectrum of interests across philanthropy dedicated to making sure philanthropic dollars reach working charities and the communities they serve.

Arnold Ventures

Roger
Colinvaux

Professor of Law

Ford Foundation

Give Blck

Global Citizen

Hewlett Foundation

High Tide Foundation

Taj
James

Co-Founder,
Full Spectrum Capital Partners

Gaurav
Kapadia

CEO of XN

Seth and
Beth Klarman

The Kresge Foundation

Bill
Lewis

Managing Director, Lazard Ltd.

Melanie
Lundquist

Activist Philanthropist

Ray
Madoff

Professor of Law

MRG Foundation

North Star Fund

Jacqueline
Novogratz
and Chris
Anderson

Acumen & TED

Michael
and Sukey
Novogratz

Galaxy Digital LP
& The Well Daily

Robert and
Allison Price

Rehabilitation Through The Arts

Rob
Reich

Professor of Political Science

Jennifer
and David
Risher

#HalfMyDAF

Kent
Thiry

Former Executive Director,
DaVita Inc.

TomKat Foundation

Wallace Global Fund

W.K. Kellogg Foundation

Worldreader