Bloomberg Tax
May 19, 2020, 8:00 AM

Wealthy Donors Press Congress to Require Higher Giving in Crisis

Laura Davison
Laura Davison
Bloomberg News

A group of philanthropists is asking Congress to require foundations and other charitable groups formed by affluent donors to give more to charitable causes to combat the economic downturn caused by the coronavirus pandemic.

Walt Disney Co. heiress Abigail Disney, Susan and Regan Pritzker of the billionaire Pritzker family, and early Google software developer Ning Mosberger-Tang are among more than 260 philanthropists asking Congress to increase the minimum amounts that private foundations and donor-advised funds donate to charities each year.

Abigail Disney
Photographer: Patrick T. Fallon/Bloomberg

Higher donation mandates for the next three years would send about $200 billion in additional money to charities ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.