When a fake charity is uncovered, headlines abound with details of the fraud, while donors are eager to make sure they weren’t one of the victims of the scheme.
The hefty sums many billionaires give away place them in an age-old debate about wealth and charity – and whether it’s appropriate for donors to have a say over their wealth from the grave.
Foundations mostly give money away in the form of grants. But there’s also a way for them to make a kind of loan that can stretch their charitable dollars.