As the concentration of wealth among the top 0.1 percent has grown, philanthropy has become more “top heavy.” The number of middle-income donations is shrinking and most of the growth in annual charitable giving is coming from the very wealthy. This is concerning because wealthier donors generally give to intermediaries such as their own private More

The post Warehousing Wealth in Donor-Advised Funds appeared first on CounterPunch.org.

This post was originally published on CounterPunch.org.