An inflection point is a time of significant change; a turning 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 and more are causing many to question whether a major restructuring of the philanthropic sector is warranted.
On Philanthropy: Lack Of Accountability And Transparency Put Philanthropy At An Inflection Point
Bruce DeBoskey, Denver Post: Business
Sun, 07/12/2020 - 5:00am
Topics: religious those american york city u.s in related articles covid-19 rob reich s just giving why philanthropy failing democracy better anand giridharadas winners take all the elite charade changing world edgar villanueva s decolonizing wealth indigenous wisdom heal divides restore balance nonprofit month rocky mountain microfinance institute j.d united states the deboskey group bdebo bruce deboskey u.s can donor advised funds daf dafs philanthropy inflection point lack of accountability and transparency tax public donors property revenue philanthropic institutions dollars change billion annual time good donations churches government law role people problems creating growing requirement including business code lost payout influence file returns oversight billions policy argues evaluate communities community receive provide required enforcement charitable spent businesses deduction cases salaries taxes benefit paying benefits entrepreneurship
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