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http://www.itinerainstitute.org/en/library/itinera-publications-presentations/_paper/philanthropy-also-in-times-of-crisis/
Philanthropy, also in times of crisis
03 March 2010
Ivan Van de Cloot
Philanthropy could be considered as an economic activity that creates welfare: a donation of 500 Euros, for example, means that the act of giving is worth more to the donator than the given amount of 500. The receiver’s welfare will increase too, and therefore we could speak of a philanthropy multiplicator effect. Encouraging philanthropy by fiscal means can thus be seen as creating value added.
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