New Charitable Standard Would Effectively Double Average Annual Rate of Giving
In an op-ed for The New York Daily News, Solidaire member Alan S. Davis challenges the nation’s wealthiest individuals and foundations to a new charitable standard. He explains how he’s growing a community of responsible philanthropists who are responding to the COVID-19 crisis in a meaningful way:
As many as 40% of our nation’s nonprofits may be forced to close for good over the next 12 months just when they’re needed more than ever to rebuild America’s safety net. If that weren’t jarring enough, philanthropic giving from those best positioned to help avert an unprecedented funding crisis — our nation’s billionaires – hasn’t come anywhere close to keeping pace with their exploding wealth during the pandemic.
Appalled by this status quo, a group of 55 — that included me, several Ultra-High Net-Worth Individuals and highly respected foundations — have decided to challenge the nation’s wealthiest individuals and foundations to a new charitable standard that establishes a minimum level of charitable giving from America’s wealthiest individuals and foundations. It would effectively double their average annual rate of giving.
“Billionaires getting richer, charities struggling: The other COVID crisis” by Alan S. Davis, The New York Daily News / December 8, 2020
Read the full op-ed here and find out more about The Crisis Charitable Commitment here.