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Finance committee I've looked at it. Corporate giving is a very pale...it's at a very modest level compared to giving by individuals and households. If I recall, it's somewhere around $2 billion compared with somewhere up above $8 billion to $10 billion for individuals and households.
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee To pick one of several, I would say in particular targeting contributions from capital.
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee There are four sources of information, surveys, or programs that produce data on charitable giving. No one of them has a monopoly on accuracy and precision. The stuff that comes from the income tax returns has some absolute strengths and advantages, but in other respects it has
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee There is a great deal of care that has to be used.
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee But it's going to tell a different story.
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee Oh yes, for sure, because it's a different kind of measurement.
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee Point number one is that it takes a generation to create a generation of civically active people. It's a learned process. Giving public prominence to this activity, not to individuals necessarily but to the activity, and the difference that it makes in our society, as well as pub
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee I've only done back-of-envelope kinds of calculations, and they don't count here.
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee It will be of greatest advantage to those who are already currently serious, systematic, and probably large-amount donors. It will contribute some increase in the dollars that are contributed charitably. What is it going to do in terms of increasing the number of donors, or cha
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee I've already said more than I know. I'm simply dropping this out for discussion. There is an incredible pool of capital in the baby boom generation. There has been, to my knowledge, close to no research on this, on how it's going to be used. There has been some excellent resear
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee Perhaps I can tell you why, and after that I'll tell you what my answer is.
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee We don't know very much about the difference between giving from income and giving from assets, from capital, but I think it's reasonable to expect that giving from capital, when there is substantial capital, is a lot less painful than giving from income, meaning from what you're
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee I would say yes. The more dramatic a situation, the greater the giving, such as Haiti. The tsunami in Southeast Asia, etc., produced enormous volumes of charitable money. The 9/11 event in New York City produced an extraordinary outpouring. If the objective is to foster giving a
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee The civic core has several parts to it. The really hard core massive givers spend enormous time volunteering and so on. That primary core represents something like 8% of the adult population, and it has shrunk by perhaps 1% or 1.5% over a decade. The primary and secondary core,
February 2nd, 2012Committee meeting
Prof. Paul Reed
Finance committee All the items you listed are contributing to an attenuation, a weakening, as is the movement away from religion. Religion is really the spark plug for civic activity. On the other hand, there's a counter factor as well, and that's university education. Fundamentally, one of the
February 2nd, 2012Committee meeting
Prof. Paul Reed