@dpetegorsky.bsky.social
"Making money has always been easier for Mr. Ellison than giving it away. In the past, Mr. Ellison has often announced sweeping charitable plans — then changed his mind or fired the people he hired to execute them."
www.nytimes.com/2025/08/12/b...
www.nytimes.com/2025/08/12/b...
Larry Ellison Wants to Do Good, Do Research and Make a Profit
www.nytimes.com
August 12, 2025 at 3:50 PM
"Making money has always been easier for Mr. Ellison than giving it away. In the past, Mr. Ellison has often announced sweeping charitable plans — then changed his mind or fired the people he hired to execute them."
www.nytimes.com/2025/08/12/b...
www.nytimes.com/2025/08/12/b...
Reposted
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:
“We must enact measures to ensure more donations actually reach working charities,” says IPS scholar @bdevaan.bsky.social:
IPS’s Giving Pledge at 15 report: wealth growing alarmingly faster than it’s given away - the Giving Review
Warns of coming supercharged dynastic philanthropy.
thegivingreview.com
July 31, 2025 at 2:01 PM
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:
“We must enact measures to ensure more donations actually reach working charities,” says IPS scholar @bdevaan.bsky.social:
Reposted
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:
REPORT by @chuck77.bsky.social, @bdevaan.bsky.social, @helenofips.bsky.social and @dpetegorsky.bsky.social:
The Giving Pledge at 15
15 years on, the Giving Pledge is unfulfilled, unfulfillable, and not our ticket to a fairer, better future.
ips-dc.org
July 30, 2025 at 1:43 PM
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:
REPORT by @chuck77.bsky.social, @bdevaan.bsky.social, @helenofips.bsky.social and @dpetegorsky.bsky.social:
Reposted
NEW: Private foundations and donor-advised funds (DAFs) steward some $1.7 trillion in assets. As nonprofits lose funding, many are hoarding this wealth — but some are stepping up.
IPS @inequality.org scholars @bdevaan.bsky.social and @chuck77.bsky.social in @npquarterly.bsky.social:
IPS @inequality.org scholars @bdevaan.bsky.social and @chuck77.bsky.social in @npquarterly.bsky.social:
Meet the Donor-Advised Funds That Are Meeting the Moment - Non Profit News | Nonprofit Quarterly
Amid an unprecedented attack in an already precarious funding landscape, some DAFs provide affirmative examples for how the whole sector should operate.
nonprofitquarterly.org
June 25, 2025 at 8:20 PM
NEW: Private foundations and donor-advised funds (DAFs) steward some $1.7 trillion in assets. As nonprofits lose funding, many are hoarding this wealth — but some are stepping up.
IPS @inequality.org scholars @bdevaan.bsky.social and @chuck77.bsky.social in @npquarterly.bsky.social:
IPS @inequality.org scholars @bdevaan.bsky.social and @chuck77.bsky.social in @npquarterly.bsky.social:
Reposted
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
New Study Shines a Light on the Impact of Donor-Advised Funds - Non Profit News | Nonprofit Quarterly
Where do DAF dollars go—and how quickly do these donor dollars actually arrive at operating nonprofits? The answers, derived from a new study, may be surprising.
nonprofitquarterly.org
June 18, 2025 at 2:48 PM
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
Reposted
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-...
inequality.org/article/the-...
The Independent Report on DAFs
Demystifying donor-advised funds and their impacts on charitable giving, fair taxation, and our democracy itself.
inequality.org
April 8, 2025 at 7:14 PM
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-...
inequality.org/article/the-...
Reposted
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-...
@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-...
The Independent Report on DAFs
Demystifying donor-advised funds and their impacts on charitable giving, fair taxation, and our democracy itself.
inequality.org
April 7, 2025 at 7:57 PM
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-...
@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-...
Reposted
NEW: Thirty years ago, donor-advised funds (DAFs) were obscure giving vehicles. Today, they’re central in U.S. charitable giving, and many are tied to giant wealth management firms.
Our @inequality.org team looked at impacts on giving, fair taxation, and democracy itself.
KEY FINDINGS: 🧵
Our @inequality.org team looked at impacts on giving, fair taxation, and democracy itself.
KEY FINDINGS: 🧵
The Independent Report on DAFs
Demystifying donor-advised funds and their impacts on charitable giving, fair taxation, and our democracy itself.
ips-dc.org
April 7, 2025 at 1:27 PM
NEW: Thirty years ago, donor-advised funds (DAFs) were obscure giving vehicles. Today, they’re central in U.S. charitable giving, and many are tied to giant wealth management firms.
Our @inequality.org team looked at impacts on giving, fair taxation, and democracy itself.
KEY FINDINGS: 🧵
Our @inequality.org team looked at impacts on giving, fair taxation, and democracy itself.
KEY FINDINGS: 🧵
Reposted
Terry was scammed out of most of his savings and was supposed to get his money back—until Donald Trump and Elon Musk gut the Consumer Financial Protection Bureau.
Part one:
Part one:
March 21, 2025 at 2:21 PM
Terry was scammed out of most of his savings and was supposed to get his money back—until Donald Trump and Elon Musk gut the Consumer Financial Protection Bureau.
Part one:
Part one:
Reposted
The stakes of the 2025 tax fight couldn’t be higher. Republicans want to give massive tax breaks to billionaires by jacking up costs on hardworking families.
We’re the campaign that’s going to stop them 🧵
We’re the campaign that’s going to stop them 🧵
Dems launch group to hit Trump on tax cuts
Organizers say the nonprofit will be backed by an eight-figure funding campaign
www.politico.com
January 30, 2025 at 12:20 PM
The stakes of the 2025 tax fight couldn’t be higher. Republicans want to give massive tax breaks to billionaires by jacking up costs on hardworking families.
We’re the campaign that’s going to stop them 🧵
We’re the campaign that’s going to stop them 🧵
Reposted
had some thoughts on this talkingpointsmemo.com/edblog/sprin...
Springtime for Billionaires
As of Friday evening it appears that the Trump/Musk GOP has managed to put out, or at least move to “controlled” status, the wildfire they lit for no particular reason earlier in the week.
talkingpointsmemo.com
December 21, 2024 at 6:50 PM
had some thoughts on this talkingpointsmemo.com/edblog/sprin...
It might seem obvious now, but maybe having a prominent donor-advised fund (DAF) sponsor be the authoritative voice on DAF trends was a mistake.
inequality.org/article/daf-...
inequality.org/article/daf-...
DAF Trends or DAF Spin? - Inequality.org
One of the country's largest donor-advised fund sponsors publishes an annual report that demands a closer look.
inequality.org
December 16, 2024 at 8:53 PM
It might seem obvious now, but maybe having a prominent donor-advised fund (DAF) sponsor be the authoritative voice on DAF trends was a mistake.
inequality.org/article/daf-...
inequality.org/article/daf-...
Reposted
The NYT just found that Musk’s charity has been shirking it’s responsibility to the tune of 400 million.
He is not alone.
Read @michaelmechanic.bsky.social’s investigation into the widespread practice from earlier this year.
He is not alone.
Read @michaelmechanic.bsky.social’s investigation into the widespread practice from earlier this year.
Philanthropy in America is broken
We taxpayers heavily subsidize ultrawealthy giving. But who really benefits?
www.motherjones.com
December 12, 2024 at 6:40 PM
The NYT just found that Musk’s charity has been shirking it’s responsibility to the tune of 400 million.
He is not alone.
Read @michaelmechanic.bsky.social’s investigation into the widespread practice from earlier this year.
He is not alone.
Read @michaelmechanic.bsky.social’s investigation into the widespread practice from earlier this year.
Reposted
Trump transition team wants to scrap crash reporting requirement opposed by Elon Musk's automaker, Tesla. www.cnbc.com/2024/12/13/t... via CNBC by Reuters Jarrett Renshaw, Rachael Levy and Chris Kirkham
Trump transition wants to scrap crash reporting requirement opposed by Tesla: Reuters
Musk, the world's richest person, spent more than a quarter of a billion dollars helping Trump get elected president in November.
www.cnbc.com
December 13, 2024 at 4:16 PM
Trump transition team wants to scrap crash reporting requirement opposed by Elon Musk's automaker, Tesla. www.cnbc.com/2024/12/13/t... via CNBC by Reuters Jarrett Renshaw, Rachael Levy and Chris Kirkham
Reposted
You get tax benefits for putting your money in a foundation but then you have to actually give your money away.
Musk is taking advantage of the tax benefits while not giving away his money
This year he’s $421 million short of the minimum
Musk is taking advantage of the tax benefits while not giving away his money
This year he’s $421 million short of the minimum
Musk’s Foundation Gave Away Less Money Than Required in 2023
Private foundations must donate 5 percent of their assets every year. Elon Musk’s enormous charity missed that standard for three consecutive years.
www.nytimes.com
December 12, 2024 at 7:22 PM
You get tax benefits for putting your money in a foundation but then you have to actually give your money away.
Musk is taking advantage of the tax benefits while not giving away his money
This year he’s $421 million short of the minimum
Musk is taking advantage of the tax benefits while not giving away his money
This year he’s $421 million short of the minimum
Reposted
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
IPS @inequality.bsky.social scholars Chuck Collins and @bdevaan.bsky.social: #nonprofitsky
Let’s Make This a Season of Giving, Not Hoarding - OtherWords
Billionaires and Wall Street exploit our charitable giving laws to dodge taxes and collect fees, hurting real charities in the process.
otherwords.org
December 10, 2024 at 1:34 PM
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
IPS @inequality.bsky.social scholars Chuck Collins and @bdevaan.bsky.social: #nonprofitsky
Reposted
Also, if anyone is curious whether this is just a few rich families, our soon-to-be public working paper finds that a plausible estimate is that ~8% to 9% of *all U.S. wealth* is inside trusts held by the super-rich that will never, ever pay estate or gift tax.
My article today - How one of the world's richest men, Nvidia's CEO Jensen Huang, is on pace to dodge $8 billion in taxes: www.nytimes.com/2024/12/05/b...
How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.
www.nytimes.com
December 5, 2024 at 1:44 PM
Also, if anyone is curious whether this is just a few rich families, our soon-to-be public working paper finds that a plausible estimate is that ~8% to 9% of *all U.S. wealth* is inside trusts held by the super-rich that will never, ever pay estate or gift tax.
...and here's how one of them is avoiding $8 billion [sic] in taxes.
www.nytimes.com/2024/12/05/b...
www.nytimes.com/2024/12/05/b...
December 5, 2024 at 4:49 PM
...and here's how one of them is avoiding $8 billion [sic] in taxes.
www.nytimes.com/2024/12/05/b...
www.nytimes.com/2024/12/05/b...
Benevity donations increased by 14%, while giving to donor-advised funds at community foundations and affiliates of Vanguard, Fidelity and Schwab dropped 22% last year. “[D]onations by rank and file workers aren’t usually driven by tax considerations.”
www.forbes.com/sites/mariag...
www.forbes.com/sites/mariag...
Charitable Giving In The Workplace Is Back–And Just In Time
As CEOs cut back on DEI and tell young workers to leave their politics at home, charitable giving is emerging as a way for employees to bring their own values to work.
www.forbes.com
December 4, 2024 at 6:18 PM
Benevity donations increased by 14%, while giving to donor-advised funds at community foundations and affiliates of Vanguard, Fidelity and Schwab dropped 22% last year. “[D]onations by rank and file workers aren’t usually driven by tax considerations.”
www.forbes.com/sites/mariag...
www.forbes.com/sites/mariag...
Reposted
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 🤝
@thelever.bsky.social @countingcharity.bsky.social @ips-dc.bsky.social 🤝
It’s Dark Money-Giving Tuesday
A new study reveals that charitable giving will soon be dominated by Wall Street dark-money funds that enrich the wealthy and never have to give to working charities.
www.levernews.com
December 3, 2024 at 3:12 PM
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 🤝
@thelever.bsky.social @countingcharity.bsky.social @ips-dc.bsky.social 🤝
"Those seeking to curry favor with the incoming Trump administration, including foreign nationals, now have the opportunity to donate to its transition effort without their names or potential conflicts becoming public."
NEW: Trump is running his transition on secret money, sidestepping the usual requirement to disclose the names of his donors.
www.nytimes.com/2024/11/24/u...
www.nytimes.com/2024/11/24/u...
Trump Is Running His Transition Team on Secret Money
Breaking with past practice, President-elect Donald J. Trump has not agreed to disclose the donors paying for his planning effort or to limit their contributions.
www.nytimes.com
November 25, 2024 at 3:02 PM
"Those seeking to curry favor with the incoming Trump administration, including foreign nationals, now have the opportunity to donate to its transition effort without their names or potential conflicts becoming public."
Reposted
Donor-advised funds aren’t like other charities—their funding is much more tax subsidized. Here’s a summary of some recent work with @helenofips.bsky.social
Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving
Donors can get two different tax breaks when they give by turning stocks, bonds and other financial assets into charitable gifts.
theconversation.com
November 18, 2024 at 2:00 PM
Donor-advised funds aren’t like other charities—their funding is much more tax subsidized. Here’s a summary of some recent work with @helenofips.bsky.social
Great timing, given the extraordinary amount of money the crypto industry poured into the election and the unprecedented influence they'll have in the new administration.
My latest column: The FTX crypto disaster was even worse than you thought
www.latimes.com/business/sto...
www.latimes.com/business/sto...
Column: Suing to recover billions, FTX's receiver discloses the stunning scale of its grift — and stupidity
A blizzard of lawsuits filed by its receiver reveals that the once-high-flying crypto firm FTX was even more crooked and dumb than you thought.
www.latimes.com
November 17, 2024 at 8:45 PM
Great timing, given the extraordinary amount of money the crypto industry poured into the election and the unprecedented influence they'll have in the new administration.