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 millions of people. The sad truth is that too many assets are sitting in accounts, accumulating interest.
Read the letter by John Arnold, member of the Initiative to Accelerate Charitable Giving: https://www.wsj.com/articles/the-slow-moving-philanthropic-status-quo-11608652441