Abstract
Foundations face a cluster of charges to do with their wealth and income. One charge concerns the source of the wealth with which the foundation was initially created—how the money was made and what harm, if any, was done in the process? A related but different charge concerns the effects of foundation formation on the tax base; do foundations erode the tax base in such a way as to neutralise any good they may do? Yet another charge is that the bulk of foundation money is not applied to public benefit and, worse, actually contributes to the problems foundations claim to want to solve.
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Leat, D. (2016). Sources of Wealth and Income. In: Philanthropic Foundations, Public Good and Public Policy. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-48289-1_6
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DOI: https://doi.org/10.1057/978-1-137-48289-1_6
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