Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Sydney Lake

California mints the most billionaires. A new index ranks it dead last on the freedom to give to charity

(Credit: Getty Images— David Paul Morris/Bloomberg)

California is home to more billionaires than any other state: 246 of them to be exact, according to an April report by Oxfam. It’s where MacKenzie Scott, Jensen Huang, and Mark Zuckerberg have funneled billions into charitable causes.

Yet somehow it’s actually the worst state in the country to be a donor, according to an index by Philanthropy Roundtable. The group, a right-of-center association that advocates for fewer regulatory restrictions on donors and charities, ranks all 50 U.S. states based on how friendly their laws are to charitable giving and nonprofit activity. And California came in dead last with a score of 2.73 out of 10, which is based on the state’s broad economic and tax climate, regulatory burdens charities face in registering and reporting, and the legal protections and tax incentives available to donors. On the report’s donor confidence measure, which tracks tax treatment, donor privacy, and legal protections for donor intent, California scored 0.88, the lowest in the nation by a wide margin.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.