preis cialis natural alternative to endep roxithromycin preis generika finasterid 5mg suprax 100 30 ml suspension omnicef alternatives inderal 40 kaufen dulcolax kaufen ditropan kaufen alternative to cozaar aciclovir tabletten ohne rezept kaufen trazodone 50 mg high flomax 10 pump is there a cheaper alternative to asacol alternative topamax alternative trental lamictal 50 mg tablets trazodone alternatives insomnia lioresal 10 mg pulmicort 200 mcg turbuhaler cialis wirkung bei frauen ranitidine 50 mg drug study flomax 10 pump evista 10 mg abilify preis 98 septilin syrup 200ml xeloda alternativen diflucan 200 mg tablet januvia 50 mg cost feldene d 20mg kamagra chewable 100 mg tamoxifen 10mg vs 20mg doxycycline kaufen aricept 10 mg side effects flomax 350 mg duphalac alternative levothroid 100 mcg clomid alternative propranolol 10 mg para que sirve aspirin kaufen österreich ginseng bei frauen plavix 75 kaufen alternative medicines to methotrexate strattera ohne rezept adalat retard kaufen mobic 20 mg alternatives to avodart and flomax dulcolax dragees alternative saw palmetto 450 mg dosage diflucan ohne rezept bestellen dulcolax ersatz tretinoin creme kaufen preis zyprexa propranolol 10 mg para que sirve etodolac 500 mg price preis cialis alternative to bentyl atacama humanoid 2015 finasterid online bestellen ohne rezept erythromycin 500 dosage kegunaan obat pletal 50 mg buy venlor 150 mg paroxetine preis albenza kaufen zyloprim 200 mg wo kann ich clomid kaufen vermox 100mg chewable tablets aspirin plus c kaufen natural alternative to inderal Giving Pledge is Not Without Flaw - Collins Group
Skagit Valley Hospital

Giving Pledge is Not Without Flaw

by

divider

Not a day has gone by in the past few weeks that I haven’t seen something written about the Gates/Buffett Giving Pledge on a philanthropy blog. But with each passing day the commentary surrounding the project seems to be getting more and more critical. Who could have anticipated that the mega-rich pledging their fortunes to philanthropy could have become such a controversial topic?

On the surface, the project appears seamless – a plan that promises to change the face of philanthropy in the coming decades. No one can argue with the fact that a handful of mega-gifts can significantly impact overall giving. Giving USA 2010 showed that individual giving held steady in 2009, but only as a result of five gifts from high-net-worth donors totaling nearly $1.6 billion.  Without those gifts, overall giving by individuals in 2009 would have declined by 1.1 percent.  The problem with the Giving Pledge’s promise to change philanthropy, however, is that much of the money will not be transferred for years, and even then may be dispersed at a very slow rate.

Many of the families that have signed on so far have pledged to transfer their wealth after their death. Ron Rosenbaum of Slate magazine criticizes this practice.  “Show us the money if you want the credit,” he writes. “And show it to us now, before you die, not in some distant future where a lot of poor and diseased people will themselves have died for lack of timely aid.” While the pledging parties certainly have the option to transfer their wealth during their lifetime, it’s likely that in those cases the money will be funneled into charitable family foundations – and many of those foundations are only required to make grants totaling five percent of their assets each year. The argument is that it could take decades before the money finally trickles out to the organizations that need it now.

While I certainly agree with the above criticisms, the problem I see with the pledge is the spotlight it shines on the rare mega-gift, and the attention that it takes away from the everyday donor. While the donations made by the über-wealthy are certainly generous, in many cases they are not stretch gifts. Personally, I am far more moved by middle class families that have remained committed to supporting the organizations in their communities even in the face of their own pay-cuts and job losses.

Don’t get me wrong – overall, I think the Giving Pledge is a great project. But it would be sad to see organizations become fixated on claiming their piece of the mega-gift pie when there are so many mid-level donors that have continued to give, even when it hasn’t been easy.

divider

Like this post? Why not share it?

divider

About the Author

Collins Team

Collins Team

divider

Leave a Reply