Philanthropy Provides Strong Returns

See this article from today’s Wall Street Journal for an update about Philanthropic Collaborative’s report on the value of philanthropy to society. Contrary to a California congressman’s claim that foundations are getting a $32 billion tax exemption that could be earmarked and spent by the government, the new report shows that charitable giving actually adds as much as $145 billion to tax coffers a year. Merry Christmas and many happy returns!

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