Monday, November 24, 2014

Let's Put An End To Restricted Giving - Forbes

Let's Put An End To Restricted Giving - Forbes: "We like to think that private charitable giving is inherently different to, say, buying a service. This is why governments subsidize the one but not the other (tax exemptions amount to $55 billion per year in the US alone). In practice, however, donations are much more transactional than most donors admit. Through restrictions, donors can tell grantees how to spend their money. A typical case would be a donor giving to a relief organization in response to a specific disaster, or a foundation giving to a university for a specific line of research."

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