Glen Galaich on Why Big Giving Falls Short

Glen Galaich is the CEO of the Stupski Foundation — and he just wrote a book that bites the hand that feeds him and serves it up in a 236-page meal. Control: Why Big Giving Falls Short, out today, makes an argument as simple as it is explosive: when a donor takes a tax deduction to give money away, they've made a deal with the public. That money isn't theirs anymore. But the system we've built lets donors park billions in foundations and donor-advised funds indefinitely — dribbling out 5 cents on the dollar while the rest sits on Wall Street going absolutely nowhere. Glen isn't an outside critic. He's a sitting foundation CEO who spent years reinforcing every rule he's now trying to break. Eric read an early draft, argued with him about it, and told him his central framing was too polite. Glen ignored him. They pick up that conversation here. Follow Let's Hear It and leave a rating so more people can find the show.