At three foundations in the “FoundationMark 15,” 100% of contributions made by employees went to Democrats. At 12, contributions to Democrats exceeded 96%.
Overall, 81% oppose such tax incentivization, according to new survey from Institute for Policy Studies and conducted by Ipsos. Ninety percent of conservatives oppose it; 80% of liberals do.
As excerpts of a Watergate hearing show, concerns about the political activity of tax-incentivized charity are not new—having arisen soon after the 1969 Tax Reform Act that still provides the legal structure of nonprofitdom.
Don’t miss influential author, in new book, floating idea “in order to avoid an excessive concentration of power within a small number of entities and to enable less wealthy entities to develop.”
And look at how to rebuild it.
Editor David Callahan notes that philanthropic and nonprofit trade groups might “be out of touch with their own communities.”
High trust in nonprofits and philanthropy correlates with high socioeconomic status. Democrats trust philanthropy appreciably more than the general population.