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Pinching pennies: South Africa's generosity declines amid economic struggles

Pinching pennies: South Africa's generosity declines amid economic struggles
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The charity tax trick used by the super-rich to save billions

To date, MacKenzie Scott – ex-wife of Amazon billionaire Jeff Bezos – has given away around $14.1bn to more than 1,600 charities. To donate such a large sum of money, she has used donor-advised funds (DAFs), a philanthropic vehicle that is relatively little known on this side of the Atlantic, but it can still be a good option for British donors – even if you don’t have billions to spare. ....

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