John Picton, of University of Liverpool, has made available for download his article, “Regulating Egoism in Perpetuity,” published in the Debates in Charity Law (Oxford, Hart, 2020) 53. The abstract is as followed:
While ordinary trusts are time-limited, the charitable foundation lasts forever. It is, in consequence, a perpetual legal vehicle through which a donor might seek to egoistically project her character and values into the future after her death. Unfortunately, that self-serving drive leads to bad charity, causing waste, as it crowds out higher social utility – or altruistic – uses of capital. Through attention to the concept of egoism, as it has developed in contemporary donative economics (‘egoistic theory’),this chapter explores the nature of the motivation to create perpetual foundations, and, flowing from that theorisation, it then critically develops a policy justification for the protection of the donor’s plans (plan-protection), alongside development of a legal-conceptual method for the utility-orientated reform of foundations.
To see the full article, click: Regulating Egoism in Perpetuity by John Picton.
Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.