Giving-Pledge Criminals

Here’s an interesting thought. How many of the Giving Pledge billionaires—those who have promised to donate half their wealth by the time they die—have either been convicted or accused of crimes or other misconduct?

By this analysis, it’s a lot.

  1. I investigate the rates of criminal misconduct amongst people who have taken The Giving Pledge (roughly: ~200 [non-EA] billionaires who have pledged to give most of their money to charity).
  2. I find that rates are fairly high:
    1. 25% of signatories have been accused of financial misconduct, and 10% convicted
    2. 4% of signatories have spent at least one day in prison
    3. Overall, 41% of signatories have had at least one allegation of substantial misconduct (financial, sexual, or otherwise)

Rates of Criminality Amongst Giving Pledge Signatories — EA Forum

Political Speech, Charities, and a New Johnson Amendment

Tax-exempt charities in the US are forbidden from supporting political parties or candidates because of a 1954 law called the “Johnson Amendment.” It’s been a frequent point of controversy over the years because it’s a government-imposed limit on free speech.

Defenders of the law have argued that tax-exemption is voluntary, and if charities want to engage in politics then they can just give up tax exemption. Moreover, tax-deductible political donations could open an economic can of worms. Critics of the law argue that limiting political speech is too precious of a price to demand, especially for religious nonprofits that have doubly enshrined interests (speech and religious activity) in the First Amendment.

Loyola law professor (and friend) Sam Brunson has recently written a paper proposing a moderated, middle way. It’s a novel approach and one worth considering.

This Article proposes an update and replacement for the current Johnson Amendment. The proposed new Johnson Amendment would directly target subsidies, requiring public charities to calculate the value of their political speech and requiring donors to reduce their charitable deductions by their share of such spending. It also proposes safe harbors for public charities that do not want to engage in partisan politics and do not want to have to calculate spending on politics. This new Johnson Amendment would accomplish the putative goals of the current Johnson Amendment without violating the First Amendment.

A New Johnson Amendment: Subsidy, Core Political Speech, and Tax-Exempt Organizations | Samuel D. Brunson

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Blowing the Whistle • Tyler Shultz • s01e04

Blowing the Whistle • Tyler Shultz • s01e04

“The real trade secret was that there was no secret.” Elizebeth Holmes—Founder of Theranos—raised billions of dollars in startup capital. The entire company failed to produce a functioning technology, putting customer’s lives in danger and defrauding investors. Tyler Schultz recounts his harrowing experience as a young graduate

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Hey! I'm Aaron

John Doe

I'm a teaching professor at BYU, where I teach, write, and speak about business ethics and social innovation.

I love helping people bridge the gap between intention and impact.


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