NEW: Since 2010, some 14% of our country's billionaires have pledged to give away at least half of their wealth. Instead, most of them have collectively grown far, far richer, IPS @inequality.org researchers found.

IPS scholar @bdevaan.bsky.social on @katiecouric.bsky.social:

NEW: In an era of staggering inequality — and tax avoidance — privately held fortunes are larger than anyone can fathom. Charitable donations simply aren't keeping up with what could be raised from a fairer tax code.

IPS scholars @chuck77.bsky.social and @bdevaan.bsky.social in @newsweek.com:

NEW: 15 years into the Giving Pledge, billionaires’ broad failure to donate money faster than they can hoard it shows the need to overhaul philanthropy — and tax the rich, says @bdevaan.bsky.social. “There’s only so long that we can take them at their word.”

@eshugs.bsky.social in @sfstandard.com:

NEW: In 2010, 57 billionaires pledged to give away at least half of their wealth. In the 15 years since, 32 of them have instead collectively grown 283% wealthier.

“We must enact measures to ensure more donations actually reach working charities,” says IPS scholar @bdevaan.bsky.social:

NEW: Hundreds of rich people have signed the Giving Pledge to donate half of their wealth. 15 years on, their lack of progress shows our critical need to fix philanthropy — and tax them more.

REPORT by @chuck77.bsky.social, @bdevaan.bsky.social, @helenofips.bsky.social and @dpetegorsky.bsky.social:

New Study Shines a Light on the Impact of Donor-Advised Funds nonprofitquarterly.org/new-study-sh... @chuck77.bsky.social‬ @helenofips.bsky.social‬ @ips-dc.org #nonprofits

Billionaire MacKenzie Scott’s “stealth giving” — giving money directly to nonprofits, letting them handle the funds as they see fit — is “shifting common sense towards trust-based philanthropy,” says @ips-dc.org charity reformer @bdevaan.bsky.social.
fortune.com/2025/05/24/g...

Tagging for #nonprofitsky 🤝... #ARNOVA ... #NVSQ ...

And my team at @inequality.org @ips-dc.org
@dpetegorsky.bsky.social @bdevaan.bsky.social @chuck77.bsky.social @rachelleighcash.bsky.social!

“We need to just really change the relationship between money and influence in politics through the nonprofit sector.” IPS Charity Reform Initiative's Bella DeVaan talks about how dark money is funneled through nonprofits on our webcast www.youtube.com/watch?v=G-yE...

It's out! The 1st-ever independent rep't on donor-advised funds, w. REAL percentages for what goes out in grants (not much) & the REAL average size of individual DAFs (huge!). Well done, @chuckcollins.bsky.social @helenofips.bsky.social Dan Petegorsky & Bella DeVaan!

inequality.org/article/the-...

Excited to share our Charity Reform Initiative's first Independent Report on DAFs!

@chuck77.bsky.social @helenofips.bsky.social @dpetegorsky.bsky.social and I seek to shed a little more light on the flow of these tax-benefited billions...
@ips-dc.org @inequality.org

inequality.org/article/the-...

my brilliant sister on 50 years of The Power Broker and today's possibilities for the public authority, in @jacobinmag.bsky.social -- jacobin.com/2024/12/an-u...

"Philanthropic cakeism" is changing how the wealthy give

www.axios.com/2024/12/16/p...

Right now, $1.7 trillion in donations is sitting in private foundations and DAFs — money that's needed by working charities. Popular philanthropy reforms could get this money flowing to nonprofits faster.

IPS @inequality.bsky.social scholars Chuck Collins and @bdevaan.bsky.social: #nonprofitsky

Great piece from @insidephilanthropy.com (citing our new report!) 🤝

The financial industry is blurring the distinction between investment and philanthropy, "encouraging the idea of a seamless continuum from for-profit investment through ESG screening and microloans to traditional philanthropy.”

Instead of giving directly to charities, the wealthy are giving more to foundations and donor-advised funds advertised for their tax avoidance benefits and lack of transparency.

New @inequality.bsky.social findings in @commondreams.org from @eloisegoldsmith.bsky.social:

Eye-opening new documentary Death and Taxes shows how the rich hoarding wealth can shortchange both their own personal happiness and the collective prosperity of our society.

IPS researcher Bella DeVaan chats with filmmaker Justin Schein in @inequality.bsky.social:

It’s Dark Money-Giving Tuesday! "A group of Wall Street-backed charity funds fueling the dark-money takeover of American politics is set to help collect half of all individual charitable donations within the next three years."

@thelever.bsky.social @countingcharity.bsky.social @ips-dc.bsky.social 🤝