ContractsProf Blog

Editor: D. A. Jeremy Telman
Valparaiso Univ. Law School

A Member of the Law Professor Blogs Network

Friday, October 29, 2010

"God loves a cheerful giver"; India doesn't care about the "cheerful" part

1908RandallCountyCourthouseCanyonTexas907TJnsn Giving away money to worthy causes is a good thing.  Such a good thing, apparently, that the Indian government has decided to make it mandatory.  The government has instituted a rule that requires Indian corporations to give 2 percent of their net income to "philanthropy."

In the U.S., corporate philanthropy tends to go disproportionately to elite institutions like art museums, opera houses, and universities, rather than to grass-roots level programs.  It will be interesting to see how much of this new philanthropy will go toward addressing poverty, and how much to the country’s elite institutions.

FGS (quoting 2 Corinthians 9:7)

http://lawprofessors.typepad.com/contractsprof_blog/2010/10/god-loves-a-cheerful-giver-india-doesnt-care-about-the-cheerful-part.html

| Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef0134888fd3b1970c

Listed below are links to weblogs that reference "God loves a cheerful giver"; India doesn't care about the "cheerful" part:

Comments

Post a comment