By California Tax Foundation Visiting Fellow Jared Walczak
Charity begins at home, in more ways than one. While wealthy philanthropists support causes around the world, data show that donors disproportionately fund causes in their home state. As billionaires depart California in response to a proposed wealth tax, much of their philanthropy could move with them.
A 2025 Bank of America study of private philanthropy found…
Click here to read the full column in the San Francisco Business Times.