The report advocates returning to the “giving while living” ethos exemplified by Chuck Feeney, and calls for systemic reforms to ensure charitable donations serve the public interest—not just the tax and legacy interests of the ultra-rich.
The report “raises important questions, but excludes “significant forms of charitable giving,” The Giving Pledge said in a statement to Fortune.
“For fifteen years, the Giving Pledge has helped create new norms of generosity and grown into a connected and active global learning community. The recent IPS report raises important questions that aim to encourage greater giving,” the organization said. “Unfortunately, the report’s reliance on incomplete data, and its exclusion of significant forms of charitable giving—such as gifts made to foundations and other intermediaries—paints a misleading picture of the impact and intent of Giving Pledge signatories and the spirit and intent of the Giving Pledge.”
For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing.
