Charitable giving has traditionally been associated with gifts to tax-exempt, non-profit organizations.1 However, the world of charitable action has expanded in recent years. In fact, nearly half the participants in a recent Lilly Family School of Philanthropy survey considered contributions to non-exempt crowdfunding as a form of charitable giving.2 Additionally, 16.3% of respondents grouped gifts to political organizations under this category, while roughly one in 10 did the same for impact investing.3 As society’s understanding of the nature of charitable giving evolves, philanthropic individuals have started using new and existing corporate structures to bring about social change. We’ll take an in-depth look at one such structure—the...
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