{"id":4104,"date":"2019-12-27T10:54:34","date_gmt":"2019-12-27T09:54:34","guid":{"rendered":"http:\/\/silta.es\/juantatay\/?p=4104"},"modified":"2019-12-27T11:20:29","modified_gmt":"2019-12-27T10:20:29","slug":"billionaires-john-and-laura-arnolds-data-driven-philanthropy-bloomberg-via-luxury","status":"publish","type":"post","link":"https:\/\/silta.es\/juantatay\/billionaires-john-and-laura-arnolds-data-driven-philanthropy-bloomberg-via-luxury\/","title":{"rendered":"Billionaires John and Laura Arnold\u2019s Data-Driven Philanthropy ( @Bloomberg v\u00eda @luxury )"},"content":{"rendered":"

\u2026the majority of pledged money sits unspent, as U.S. tax rules make it easy to procrastinate\u2026 John and Laura Arnold want to change that\u2026<\/p><\/blockquote>\n

Origen: Billionaires John and Laura Arnold\u2019s Data-Driven Philanthropy – Bloomberg<\/a><\/em><\/p>\n

Over the past few decades, the surging wealth of the top 0.1% has spurred many promises of lavish donations. But the majority of pledged money sits unspent, as U.S. tax rules make it easy to procrastinate. <\/span>2<\/a> Foundations need to pay out only 5% of their assets per year (less than typical market returns); money can sit indefinitely in a donor-advised fund<\/a>, or DAF, which offers the same tax benefit as a foundation with far fewer rules. \u201cPeople are getting a tax deduction today for giving that\u2019s going to happen sometime\u2014especially with DAFs\u2014potentially much later in the future,\u201d John says. \u201cIs that really the spirit of the rules?\u201d<\/p>\n

DAFs are surging in popularity<\/a>, with assets rising 20.1% in 2018 from the previous year, to $121.4 billion<\/span>, according to the National Philanthropic Trust. Meanwhile, markets keep rising. <\/span>3<\/a> Even the most philanthropic billionaires\u2014such as Bill Gates and Warren Buffett\u2014 are richer now<\/a> than they\u2019ve ever been.<\/p>\n

\u201cThey have the intent to do good,\u201d Laura says of her ultrawealthy peers. \u201cBut in practice it just isn\u2019t happening.\u201d Foundations and DAFs should spend at least 7%, John has proposed<\/a>, which could end this \u201choarding of resources\u201d and get billions of dollars more to charities.<\/p>\n

\"\"<\/a><\/p>\n

The idea behind running a philanthropy through an LLC rather than a foundation\u2014most famously pioneered by Facebook\u2019s Mark Zuckerberg and his wife, Priscilla Chan, in 2015\u2014 is that it gives everyone inside the organization much more flexibility and also makes their activities harder for outsiders to track. Tax rules require nonprofits to steer clear of political activity, but in an LLC, a health-care expert who once stuck only to research grants can now strategize with advocacy groups and even talk policy with lawmakers.<\/p>\n

LLCs \u201ccan basically operate as naked political voices without any transparency,\u201d Stanford professor Rob Reich says, though he adds that the Arnolds seem otherwise to be \u201cappropriately inviting the scrutiny of journalists and the public.\u201d<\/p><\/blockquote>\n

 <\/p>\n

Update about philanthropist ways of doing, from: Macau Daily Times<\/a> via @wealth-X<\/a><\/p>\n

\n

Giving in the 21st century is different to what it was last century \u2013 not just because of globalization, but because of technology and the digital age (the fourth industrial revolution). <\/span><\/p>\n

Today, 4 billion people, that is 60% of the world\u2019s population, have a cell phone. It just takes a click to donate. <\/span><\/p>\n

Yes, the fourth industrial revolution has changed our way of living for ever but despite that phenomenal revolution, human beings are still (I would say astonishingly and admirably\u2026) resilient. Culture and values still matter.<\/span><\/p>\n

When an American gives online for the poor, or a Frenchman gives online for the Telethon, a Chinese person, despite living in one of the most digital societies, will still cherish the tradition of personally giving as they traditionally give a red envelope (laissi) to their loved ones during the Chinese New Year.<\/span><\/p>\n

China has a long tradition of philanthropy and there is widespread consensus that it will grow and increase in impact over the next decades. <\/span><\/p>\n

Charity is deeply embedded in the ethics of Confucianism and the rise of private wealth brought about by China\u2019s development since the turn of the century will further boost the integration of China in modern philanthropy.<\/span><\/p>\n

This is happening, but in a way not perceived or understood by the western world. One of the reasons that the level of philanthropy in China is not fully known may be that much giving is done informally or anonymously and therefore not captured in the existing data.
\n<\/span><\/p>\n

Another difference is that in China, the redistribution of wealth is more than a question of justice or social equality; it is a philosophical concept about what constitutes a harmonious society. Chinese philanthropists are very keen to learn about philanthropic practices elsewhere and particularly in the US, but there is also an affirmation that philanthropy, in China, must remain true to traditional Chinese values. As much as there is a \u201cSocialism with Chinese Characteristics\u201d, there is a \u201cPhilanthropy with Chinese Characteristics\u201d that the West at large must understand. <\/span><\/p>\n

This can only be done by profoundly mastering the complexities of different cultural values for the ultimate purpose of the common good.<\/span><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

\u2026the majority of pledged money sits unspent, as U.S. tax rules make it easy to procrastinate\u2026 John and Laura Arnold want to change that\u2026 Origen: Billionaires John and Laura Arnold\u2019s Data-Driven Philanthropy – Bloomberg Over the past few decades, the surging wealth of the top 0.1% has spurred many promises of lavish donations. But the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[291,175,159,32,26,34,163,49,30,8],"tags":[299,315],"class_list":["post-4104","post","type-post","status-publish","format-standard","hentry","category-ai","category-analytics","category-big-data","category-economia","category-el-critico-como-artista","category-filantropia","category-funding","category-hacktivismo","category-sociologia","category-taxes","tag-economy","tag-philanthropy"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts\/4104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/comments?post=4104"}],"version-history":[{"count":6,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts\/4104\/revisions"}],"predecessor-version":[{"id":4112,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts\/4104\/revisions\/4112"}],"wp:attachment":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/media?parent=4104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/categories?post=4104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/tags?post=4104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}