Tag Archives: investments

New Money

Philanthropy, incorporated for the public good, can and should make all its investments accordingly. In 2021, Senators Angus King (I-Maine) and Chuck Grassley (R-Iowa) introduced a bill to more tightly regulate donor-advised funds, commonly referred to as DAFs. While the Accelerating Charitable Giving (ACE) Act’s reforms were far from sweeping, the bill set off a bitter debate over who controls charitable funds: the donor or the public. The Act’s supporters plausibly argued that wealthy donors could use the increasingly popular philanthropic instruments for personal gain, and that DAFs allow them to hoard and perpetually control what becomes public money once [...more...]

Time to Switch ‘Our Investment Thesis’?

Michael Tubbs was just 26 when he was elected mayor of Stockton in 2016. Raised by a low-income, single mother, he became the youngest-ever mayor of a large American city. Under his leadership, Stockton was named an All-America City in 2017 and 2018 by the National Civic League.  Tubbs was named a fellow at MIT media lab, was a member of Fortune’s 40 Under 40, and he launched a groundbreaking Universal Basic Income program in Stockton that has led to pilot programs in cities across the nation, thanks to his Mayors for a Guaranteed Income coalition. Made up of mayors [...more...]

Helping Students Make Sense of Dollars and Cents City National Bank

City National has always been about doing business differently, one relationship at a time. The company always places people and […more…]