Video instructions and help with filling out and completing Will Form 8815 Charities

Instructions and Help about Will Form 8815 Charities

Music good evening good evening and welcome and welcome to a very important topic of conversation I don't know how many of you have seen this book yet the reason we're here can can you all read the main title the first two words of the top depending on which of those words you emphasize you get a slightly different outcome you get an emphasis on justice or you get an emphasis on giving okay and that is my job of having introduced the topic of this conversation so what I'll focus on state is introducing the person on my left Rob leash and we should all make a mental note pronounced riche is one of three people with that name we're in the Bay Area one of whom is a former Secretary of State vacant labor and the other of whom is a very distinguished accordion ax stand they pronounce their names differently so Rob rish on my left professor of political science at Stanford and the foremost thinker on this extraordinary asset class that we call philanthropy the figures are disputed but somewhere between one and possibly three trillion dollars or sit in that asset class called philanthropy and are dispersed without a whole lot of accountability without a whole lot of science and some argue without a whole lot of legitimacy this is an area of such consequence that it deserves real scholarship and Robby's not only in my view but in the view of most the foremost scholar of this extraordinarily interesting phenomenon so we're very privileged at the LSE to have him here this evening to discuss do I give it away by print by emphasizing one word or the other his new book I'm enough of a former publisher to say you're not allowed to leave the building without at least a promise to read the book even if you haven't made a philanthropic commitment to buying it wrong welcome thank you very much all right is it all right if I stand up better well thank you to step into the Marshall Institute into LSE for hosting me here the book was officially published this coming Tuesday so this is actually the first public talk I'm giving on the book it's a great pleasure to do so and for the generous introduction as well I want to begin by telling you three stories all about philanthropy two of them quite short one a bit longer they're all drawn from the book and they all have something to do with the history of philanthropy the first story apropos my visit here to London to England has to do with John Stuart Mill and the idea of perpetuity as the time horizon for the operation of foundations employ a philosopher by training and so I come to this book come to the topic trying to understand the relationship between philanthropy and democracy setting philanthropy within the political dynamic of a larger social system a democratic social system mill of course wrote a great deal about politics and he in fact wrote several essays about foundations over the course of 30 years in the mid-1800s he noted in the mid-1800s the exceedingly multifarious purposes for which foundations have been created in many different countries schools hospitals orphanages alms houses monasteries universities corporations local and national and scope funded by money sometimes funded by real estate all have been part of a long-standing tradition of foundations that direct what once had been private sets of an individual to some public purpose quite frequently in perpetuity and mil asks should it ever be permitted for a government to interfere with the purpose established by a donor or to appropriate the assets in a foundation and his answer is immediate and I should say quite blunt he finds it quote so obvious that he can scarcely conceive how any earnest Enquirer could think of the whys the mill asserts that the founders the founders intentions in establishing and down that should be legally protected only for his lifetime and perhaps at most for a short duration thereafter no foundation mill thought should have its purpose fixed forever I'll skip to the moment the substance of the argument and instead quote some of his characteristically purple prose his rhetorically inflamed conclusion he writes quote there is no fact in history which posterity will find it more difficult to understand than that the idea of perpetuity and that of any of the contrivances of man should have been coupled together in any sane mind that it has been believed may call onto as a sacred truth and has formed part of the Creed of whole nations that a signification of the will of a man ages ago could impose upon all of mankind now and forever the obligation of obeying him unquote to put it in slightly different way why should we allow through law the preferences of a dead person to constrain those of a current generation why should the dead hand of a donor reach out through the grave to strangle what it is that current generations might wish to do Story number two someone who is in the news these days George Soros and the story a story about the creation of some of his philanthropic entities known as the open society institute so there's a wonderful book from 2002 by the investigative journalist named market Dow a book is called American found stations and he in this book relates the story of the early days of the creation of Soros as open society institute where upon setting up the foundation he correctly hired a professional staff gathered them together to try to decide as is typical what the causes or program areas of the Institute would be and before then going public they had a final meeting to decide what the causes of the Institute would be and Dowie the journalists reports the following there was