Bill Young, founder of SCP, appeared in @ReportCharity with a strong perspective on how foundations invest their money. Bill is in “favour of taxing the investments of private and public foundations". #cdnpoli #movethemoney
Bill is advocating to have all investment earnings of charitable foundations (except impact investments) be taxed, starting in 10 years. This gives foundations ample time to consider investments and make changes. #cdnpoli #movethemoney 
Bill believes that such a policy change would would force the "redeployment of tens of billions of dollars-mostly tied up in conventional stocks and bonds-into investments in affordable housing, clean energy, and other socialpurpose businesses or community bonds." #cdnpoli
ICYMI: here's @ReportCharity piece on Bill's perspective: thecharityreport.com/features/tax-f… #movethemoney #cdnpoli
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