Debate amid pandemic: Should foundations have to give more?
Collins, a director of the Institute for Policy Studies, a progressive think tank, thinks the government should compel foundations and donor-advised funds to step up their contributions. Itโs hard to run an organization like that.โArnold proposes a more modest solution โ the Initiative to Accelerate Charitable Giving. โItโs really a solution in search of a problem.โIn the midst of last year's devastating pandemic recession, charitable giving rose modestly for the year. โCharitable giving has been a silver lining through this crisis and, frankly, through throughout history,โ Westhoff said. AdCollins, who is holding out hope for his plan to require increased payouts, argues that the tax system's favorable treatment of foundations and donor-advised funds may provide the strongest rationale.