Professor Roger Colinvaux was quoted in Bloomberg on December 20, 2022. The article examined how stock market declines have affected the portfolios of private foundations that invest in companies associated with their founders.
Bloomberg
Date: December 20, 2022
By: Ben Steverman
Tech Wreck of 2022 Decimates Billionaires’ War Chests for Charity
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“To the extent the philanthropic sector loses billions in charitable assets because of the vanity and over-confidence of foundation founders, it highlights the reasons foundations are regulated more strictly than public charities,” said Roger Colinvaux, a law professor at Catholic University of America in Washington. He said Congress should consider hearings on whether those rules “are sufficient to protect charitable assets against the whims of founders.”
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Click here to view the article in Bloomberg.