Philanthropy: Giving, Status, and Influence
Big-donor philanthropy is less about giving than structuring. A foundation must pay out 5% a year; a donor-advised fund needs to pay out nothing. Here’s how the money, status, and influence actually move.
Big-donor philanthropy is less about giving than structuring. A foundation must pay out 5% a year; a donor-advised fund needs to pay out nothing. Here’s how the money, status, and influence actually move.