5 Oct 2016

Should philanthropic foundations be more open? The more open, the more it would encourage more philanthropy.

Image result for philanthropy cartoon
Foundations receive generous subsidies in the form of tax benefits. In 2008, the Australian Treasury estimated this to be at least 45 cents in every philanthropic dollar.
Foundations are genuinely both private and public bodies and they do good deeds generally.
They are private because they receive their funds from private individuals. Yet they are also public – foundations devote funds via grants to non-profit bodies approved by the Australian Taxation Office.

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