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Isabelle Williams's avatar

Regarding philanthropy, these organizations should not be political at all. They are 501 C3 and should not be used to covertly influence politics. I get it that many issues fall under liberal values ( climate change education) or conservative ( education about the downsides of gender transitioning ). But I wish we could go back to the days when oligarchs financed city parks, public libraries and other public goods- that didn't have a political agenda.

I will also point out from personal experience on a board that many foundations are influenced by trendiness and the bane of all good work, the consultant class.

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Richard's avatar

Isabelle beat me to it. Philanthropy should stay out of politics entirely and out of economics as well except at the micro level. Not only does involvement in politics violate the law under which they function but make them vulnerable to enforcementa of that law. The Trump IRS could pull the tax favored status of many of the large foundations and make it stick.

An earlier generation of philanthropists did cultural activities with great success leading to symphonies, art museums, libraries and the like. They also did micro economic work in the days before government welfare programs. There is still scope for this such as dealing with the seemingly intractable homeless problem. Micro-finance has promise too. Of course anything is subject to capture including foundations and vigilance is necessary .

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