Chapter 27: Trust and For-Profit Philanthropy: from Surrey’s Private Foundation to Zuckerberg’s Limited Liability Company
Document Type
Book Chapter
Publication Date
2021
Editor(s)
Henry Peter and Giedre Lideikyte Huber
ISBN
978-0-367-68827-1
Publisher
Routledge
Language
en-US
Abstract
We trace the Grand Bargain’s decline to developments in tax policy designed to enhance transparency that, in no small irony, can in turn be traced to the Grand Bargain itself. The tax expenditure budget that grew out of the Tax Reform Act of 1969 may have doomed the Grand Bargain simply by clearly and publicly tallying its costs. That lost innocence transformed philanthropy from a shared act of faith into a transaction, with the Chan Zuckerberg Initiative as its logical conclusion.
Recommended Citation
Steven Dean & Dana Brakman Reiser,
Chapter 27: Trust and For-Profit Philanthropy: from Surrey’s Private Foundation to Zuckerberg’s Limited Liability Company
,
in
The Routledge Handbook of Taxation and Philanthropy
509
(Henry Peter and Giedre Lideikyte Huber ed.,
2021).
Available at:
https://scholarship.law.bu.edu/faculty_scholarship/3641
Comments
Book is open access: https://www.taylorfrancis.com/books/oa-edit/10.4324/9781003139201/routledge-handbook-taxation-philanthropy-giedre-lideikyte-huber-henry-peter?_ga=1040338259.1695157876&_gl=1*thhzn6*_ga*MTA0MDMzODI1OS4xNjk1MTU3ODc2*_ga_0HYE8YG0M6*MTY5NTE1Nzg3Ni4xLjAuMTY5NTE1Nzg3Ni4wLjAuMA..