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Press Release 04.14.21

Edgar Villanueva, Peter Singer and More Philanthropic Leaders and Scholars Join Initiative to Accelerate Charitable Giving

New members add to the growing momentum for charitable giving reforms WASHINGTON, DC – Today, the Initiative to Accelerate Charitable Giving (IACG) welcomed seven new members to the coalition: Economics Professor James Andreoni, Impact Cubed, Leichtag Foundation, The Lodestar Foundation, Preble Street, Philosopher and Bioethics …

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Article Forbes 04.08.21

Global Citizen’s Chris Stadler: Charitable Giving Is Broken—Here’s An Easy Way To Fix It

In Forbes, Chris Stadler, chairman of the board of directors for Global Citizen, wrote an op-ed entitled, “Charitable Giving Is Broken—Here’s An Easy Way To Fix.” Stadler explains how IACG’s charitable tax reforms could provide much-needed resources and funding to support charities. As he notes, …

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Article The Chronicle of Philanthropy 04.01.21

Craig Kennedy and William Schambra on Why Conservatives Should Applaud Efforts to Change Philanthropic Giving Rules

Craig Kennedy, the former president of the Joyce Foundation and the German Marshall Fund, and William Schambra, a senior fellow at the Hudson Institute who previously held positions at the American Enterprise Institute and the Lynde and Harry Bradley Foundation, recently wrote an op-ed in …

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Blog 03.22.21

IACG Member Spotlight: Stephanie Ellis-Smith and Christina Lewis, Give Blck

Stephanie Ellis-Smith and Christina Lewis are co-founders of Give Blck and members of the Initiative to Accelerate Charitable Giving. Give Blck was officially launched in September of 2020 to give voice to 500+ Black-founded nonprofits and addresses racial equity in giving by offering a comprehensive …

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Article Inside Philanthropy 03.17.21

Inside Philanthropy Examines the Growth of DAFs and the Need for Reforms

Inside Philanthropy recently examined charitable giving reports and trends, including the decade-long growth of donor-advised funds (DAFs) and its implications for philanthropy. The article explored how “DAFs are certainly a mighty reserve, though their ‘readiness’ is a matter of contention” and noted the “modest shifts” …

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Article The Associated Press 03.12.21

The Associated Press Highlights IACG’s Proposals

The Associated Press recently took a look at the charitable landscape and the crisis facing our nation’s working charities: “Too much need, too little funding.” Many throughout the philanthropic community are concerned that working charities do not have sufficient resources to continue, especially as these …

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Blog 03.05.21

ICYMI: Ray Madoff on the Need for DAF Reform at AEI Panel

Last week, Professor Ray Madoff participated in the American Enterprise Institute’s panel discussion about the role of donor-advised funds in philanthropy. Madoff underscored how the failure to adopt guardrails around donor-advised funds hurts working charities and highlighted how the Initiative to Accelerate Charitable Giving’s proposals would put charities …

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Blog 02.24.21

Kevin Madden: A New and Changing Community Landscape Requires a New, Updated Approach from Working Charities and Philanthropies

When the Covid-19 crisis disrupted life as we know it, there was an immediate, reflexive response from Congress. What can and will the government do? The federal government subsequently coordinated some of the largest government spending and relief packages since the mobilization of capital during …

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Blog 02.18.21

IACG Member Spotlight: Melanie Lundquist

Melanie Lundquist is an Activist Philanthropist and a member of the Initiative to Accelerate Charitable Giving. This week we sat down to chat with her about how her experience in philanthropy – both working as part of the nonprofit Partnership for Los Angeles Schools and …

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Press Release 02.10.21

Initiative to Accelerate Charitable Giving Announces New Members

New members represent a broad spectrum of interests across philanthropy and join chorus of voices calling for policy reforms to close tax loopholes  WASHINGTON, DC – Today, the Initiative to Accelerate Charitable Giving (IACG) is proud to expand its coalition with the addition of four …

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Blog 02.03.21

Myths and Facts of Charitable Giving

The purpose of our nation’s charitable tax rules is to provide a tax benefit to ensure more resources are going toward the public good and working charities. However, more than $1 trillion sits on the sidelines in private foundations and donor-advised funds (DAFs) – vehicles …

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Blog 02.02.21

What the 2020 DAF Report Doesn’t Say

The National Philanthropic Trust’s 2020 DAF Report provides an upbeat overview of donor-advised funds (DAFs). While DAFs have an important role in the charitable landscape, this data can easily be misinterpreted to showcase that the charitable tax system is “working” and new rules are unnecessary. …

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Blog 01.27.21

Kat Taylor: Philanthropy Can Help Fix Societal Ills but First it Needs to Be Reformed

Kat Taylor is Founder of the TomKat Foundation, Co-founder of Beneficial State Bank,  and a member of the Initiative to Accelerate Charitable Giving. For six decades I have been working to change the extractive and exploitative economic systems that perpetuate racial injustice and undermine our …

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Blog 01.19.21

The Case for Reforming Private Foundations

Charitable giving has changed over the past century. The traditional idea of a charitable donation – an outright gift to a working charity – has given way to the increasing use of charitable financial vehicles, such as private foundations and donor-advised funds, which according to …

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Blog 01.13.21

Three Questions on Donor-Advised Funds

As 2020 ended and Americans reflected on the struggles of the past year, it became clear how many Americans rely on charities to serve critical needs – whether it be health care, education, food assistance, shelter, or social justice reform. While charities struggled to keep …

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Article Barron's 12.23.20

Philanthropists Push for Charitable Giving Reforms

A group of high-profile philanthropists and foundations, along with estate and gift tax experts, have come together to push for reforms to charitable giving laws that would increase the amount of money available for nonprofits.  Their goal is to unlock some of the US$1 trillion …

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Article The Wall Street Journal 12.22.20

Letter to the Editor: The Slow-Moving Philanthropic Status Quo

I am disappointed by Elise Westhoff’s op-ed (“The Left Wants a Philanthropy of the Few,” Dec. 15) in opposition to the Initiative to Accelerate Charitable Giving, a reform initiative I co-founded. In this unprecedented time of need, private foundations and donor-advised funds could be helping …

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Article USA Today 12.18.20

Op-Ed: Why we need tax reform: Billions in charitable donations aren’t helping people in need

Each December, wealthy people rush to donate billions of dollars to maximize their charitable deductions and shrink their tax bill. Unfortunately, loopholes in tax laws mean donated dollars don’t always go to active charities. Read the full op-ed by John Arnold, co-founder of Arnold Ventures …

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Article dot.LA 12.18.20

Column: Our Tax Code Provides More Favorable Treatment to Private Jets than Private Philanthropy. Here’s How to Fix That

The COVID-19 pandemic has been devastating to families who have lost loved ones, and businesses that have lost everything. But it has also taken a significant toll on many nonprofits, charities and government agencies—and the people who rely on them. Read the full column by …

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Article Axios 12.16.20

Axios Explains Why Billions in Donations Haven’t Reached Charities

Last week’s Axios Capital newsletter reported on the payout rates of donor-advised funds (DAFs), breaking down how the increase in money going into donor-advised funds doesn’t necessarily result in increased payout rates or funding to charities: “In reality, although disbursements from foundations and DAFs are …

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Blog 12.11.20

ICYMI: John Arnold and Ray Madoff Chat with #GivingTuesday’s Rob Reich about Accelerating Funding to Charities

“[The Initiative to Accelerate Charitable Giving] is really trying to go after the whole spectrum, from the largest givers all the way down to the smallest…[T]here’s a lot of the neighborhood organizations and community organizations that are dependent upon the small giver and so it’s, …

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Article Bloomberg 12.01.20

Billionaires Urge Tax Reform to Free $1 Trillion for Charity

A coalition of billionaires, academics and large foundations says the U.S. could unlock far more money for charity just by tweaking a few tax rules. Wealthy contributors get big tax breaks for donations even if the money then languishes in foundations or other vehicles for …

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Article The Chronicle of Philanthropy 12.01.20

Powerhouse Coalition of Wealthy Donors and Big Foundations Urges Congress to Spur More Giving

A powerhouse coalition of wealthy individual donors, some of the nation’s largest private foundations, and prominent scholars on charitable giving Tuesday joined forces to urge Congress to adopt a set of tax proposals intended to speed up distributions from foundations and donor-advised funds. The new …

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Press Release 12.01.20

New Coalition of Philanthropists, Major Foundations Launches on Giving Tuesday to Increase Funding to America’s Charities During Pandemic and Beyond

‘Initiative to Accelerate Charitable Giving’ releases set of common-sense reforms to charitable giving laws WASHINGTON – Today on Giving Tuesday, philanthropists and leaders of major foundations launched the Initiative to Accelerate Charitable Giving, a coalition dedicated to promoting common-sense, non-partisan charitable giving reforms that increase …

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Blog 12.01.20

Arnold Ventures’ John Arnold: Now is the Time to Reform Charitable Giving Laws

My wife, Laura, and I founded Arnold Ventures to maximize opportunity and minimize injustice. We began our philanthropy to invest in evidence-based solutions to some of the nation’s most pressing challenges. Often, this work is focused on changing systems, which in turn transforms daily life …

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