Sunday, August 17, 2014
September 17: Cleveland - Is Economic Development Really Charity?: Evaluating "Trickle Down Charity"
In no case is this more true than in the recent widespread emergence of nonprofit organizations whose primary activity is providing direct aid to for-profit businesses. These organizations invest in privately-owned, profit-seeking ventures hoping that some day this aid will help those in need in the form of jobs and a flourishing economy. While influential and, in some cases, transformative to cities and regions in economic distress, this form of charity (which I term “trickle down charity”) turns the traditional charitable services delivery model on its head by advancing private interests first and betting that benefit to a charitable class will follow.
This lecture will discuss the analytic challenges that trickle down charity poses to the IRS when it determines whether an organization like this merits 501(c)(3) status and my proposal for how the IRS can enliven its private benefit doctrine to more effectively regulate trickle down charity and help protect the overall integrity of our philanthropic sector.
Is Economic Development Really Charity?: Evaluating "Trickle Down Charity"
September 17, 2014
8:30 A.M. - 9:30 A.M.
City Club of Cleveland
850 Euclid Avenue #200
Cleveland, OH 44114
Matthew Rossman, Professor of Law, Co-Director of the Milton A. Kramer Law Clinic Center, Case Western Reserve University School of Law
Case Western Reserve University School of Law - Case Downtown Lecture Series