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Sheesh, You Give Millions and We Still Complain

If NIH didn't fund your last grant proposal, you can blame Eric Lander. Really. This front-page New York Times article looks at philanthropy in the US, where wealthy people "are giving more to charity than ever," the story says, citing the $650 million donated over the last five years by Eli Broad alone as one example. The drawback for the rest of us, though, to the kind of charitable gift that allowed Lander to launch the Broad Institute, is that "for every three dollars [philanthropists] give away, the federal government typically gives up a dollar or more in tax revenue, because of the charitable tax deduction and by not collecting estate taxes."

But what do you care about tax revenue? It's not as though the government is responsible for funding biomedical science. Oh, wait. Now GTO sees the problem.

 

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