What does effective philanthropy look like in the 21st century?
This hour, we sit down with Jay Williams, the President of the Hartford Foundation for Public Giving.
We also talk with scholar and author, Chuck Collins. He is a one-percenter who dedicated his life to addressing income inequality. Collins’ policy institute has found that charities are increasingly depending on larger donations from a smaller number of wealthy individuals. We ask Collins--is that a good thing?
GUESTS:
- Jay Williams - President of the Hartford Foundation for Public Giving
- Chuck Collins - Senior Scholar at the Institute for Policy Studies and co-editor of Inequality.org, and author of several books including Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good and Is Inequality in America Irreversible?
READING LIST:
Hartford Business Journal: Hartford Foundation kickstarts new investment arm (September 2018) – “The Hartford Foundation for Public Giving has launched a new investment arm that will include collaborative investments in companies, organizations and funds that officials say will expand the regional community chest's support of affordable housing and economic development.”
Marketplace: Ending inequality: Chuck Collins’ message to the 1 percent(December 2016) – “When a billionaire gives a dollar, we chip in 40 to 50 cents in terms of lost tax revenue that could be used, so the underlying point is that charity is not a substitute for an adequately funded public sector — which is what really creates the infrastructure and really addresses the deep inequality problems in our society.”
Institute for Policy Studies: Gilded Giving: top-Heavy Philanthropy in an Age of Extreme Inequality(Chuck Collins, coauthor, 2016) – “Charitable donations in the United States have surged in recent years, but these unprecedented levels of giving may mask a troubling trend: charities are increasingly relying on larger and larger donations from smaller numbers of high-income, high-wealth donors, while receiving shrinking amounts of revenue from the vast population of donors at lower and middle income levels.”
