Philanthropy right now favors interest areas that the wealthy like to support, and the itemized charitable deduction is enjoyed almost entirely by the richest Americans. Making every American a philanthropist would facilitate new interactions in the community and diversify the organizations that are supported. It would also make sure that non-profits could be rewarded more by the people that they serve, increasing their efficiency.
Problems to be Solved
- People feel less invested in the goals of their local community
- Philanthropy is regarded as the province of the wealthy
- Causes that the wealthy prefer to get more donations
As President, I will…
- Direct the IRS to create a Prosperity Grant program
- Each year at the beginning of the year Americans would receive $100 that could only be donated to a 501c3 institution through the same mechanism that they receive the Freedom Dividend/Universal Basic Income.
- Work with Congress to change the tax code to account for Prosperity Grants