BC Law professor Ray Madoff, co-founder of BC Law's Forum on Philanthropy and the Public Good, has teamed up with philanthropist John Arnold to create a "powerhouse coalition" and launch the "Initiative to Accelerate Charitable Giving." The initiative supports the development of proposals designed to get more funds to charities. Philanthropy foundations including Ford, Hewlett, Kellogg and Kresge, and many large philanthropists including Kat Taylor have supported the cause.

Giving Tuesday promoted the initiative on its launch day (December 1), and featured an intervew with Madoff and Arnold on their livestream. The effort has received media coverage as well:

Barrons: Philanthropists Push for Charitable Giving Reforms

Wall Street Journal: The Left Wants a Philanthropy of the Few (op ed)

Axios: The billions that charities aren't receiving

Marketwatch: Billionaires and philanthropy bigwigs want Congress to fix tax laws so charities can get more money faster

Chronicle of Philanthropy (Dec. 3): Plan to Boost Donor Payout Faces Long Odds in Congress, but Some Advocates Say the Timing Is Right

Nonprofit Times: War of Words Escalates Over DAF Distribution Reforms

Chronicle of Philanthropy: Powerhouse Coalition of Wealthy Donors and Big Foundations Urges Congress to Spur More Giving

Bloomberg: Billionaires Urge Tax Reform to Unlock $1.1 Trillion for Charity