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A new report from the Institute for Policy Studies (IPS) documents a troubling trend of small-donor declines with a parallel rise in wealthy mega-donors within the nation’s philanthropic sector.
The report, “Gilded Giving 2020: How Wealth Inequality Distorts Philanthropy and Imperils Democracy,” finds that the top-heavy philanthropy poses considerable risks to the independence of the nonprofit sector, the integrity of the tax system, and to democracy itself.
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