A charity this charities are as likely to see that money as you are to see a Cracker Barrel run out of gravy or an actual star on dancing with the stars but seriously though who does that before wall street firms took over the biggest recipient of Charitable Giving in the us two years ago was the united way which if you recall couldnt even get the flesh and blood in richest tom brady to appear for its assets. But one of the more notable examples of the disparity between whats given and received is in Silicon Valley where a donor advised one called the Silicon Valley Community Foundation has received multiMillion Dollar donations from the likes of netflix founder Reed Hastings and twitter cofounder jack dorsey and if anyone deserves a tax break the least if they do that took bobs burgers off of netflix and the other dude who claimed that at jack handle so early that my best friend jack has add seven digits and an underscore after is name just to get in the cow only to have everyone thin
A charity this charities are as likely to see that money as you are to see a Cracker Barrel run out of gravy or an actual star on dancing with the stars but seriously though who does that before wall street firms took over the biggest recipient of Charitable Giving in the us two years ago was the united way which if you recall couldnt even get the flesh and blood in richest tom brady to appear for its assets. But one of the more notable examples of the disparity between whats given and received is in Silicon Valley where a donor advised one called the Silicon Valley Community Foundation has received multiMillion Dollar donations from the likes of netflix founder Reed Hastings and twitter cofounder jack dorsey and if anyone deserves a tax break the least if they do that took bobs burgers off of netflix and the other dude who claimed that at jack handle so early that my best friend jack has add seven digits and an underscore after is name just to get in the cow only to have everyone thin
A donor advised by an act as the middleman between the wealthy and a charity put your money in the fund then the fund grants money to your charity of choice which sounds ok on its face until you realize that donors claim their Tax Deduction up front when they donate to the dav before deciding which Public Charities the money should go to jesus christ thats like getting the first place trophy while youre still on the bus on the way to the soccer game. But whats just as concerning as this upfront reward is that the largest growth and Donor Advised Funds has been among for profit wall street firms such as Charles Schwab and Fidelity Investments and a Donor Advised Fund can just reinvest the fund forever without ever giving any money to charity. So by creating their own Donor Advised Funds wall Street Investment firms like the delany and Charles Schwab are enabling ultra wealthy clients to collect a charitable tax break without necessarily supporting a charity this charities are as likely
Examples of the disparity between whats given and received is in Silicon Valley where a donor advised one called the Silicon Valley Community Foundation has received multiMillion Dollar donations from the likes of netflix founder Reed Hastings and twitter cofounder jack dorsey and if anyone deserves a tax break the least if they do that took bobs burgers off of netflix and the other dude who claimed that at jack handle so early that my best friend jack had to add seven digits and an underscore after is name just to get in the cow only to have everyone think hes a russian but. Fact none of these gives millionaires need tax breaks when the amount of money going from the Silicon Valley Community Foundation to charities in the nine counties bay area actually dropped in twenty seventeen by forty six percent even as the amount of money under management grew by sixty four percent to thirteen and a half billion dollars this reverse robin hood of Silicon Valley was so notorious that a man named
Biggest recipient of Charitable Giving in the u. S. Two years ago was the united way which if you recall couldnt even get the flesh and blood in richest tom brady to appear for its assets but one of the more notable examples of the disparity between whats given and received is in Silicon Valley where a donor advised one called the Silicon Valley Community Foundation has received multiMillion Dollar donations from the likes of netflix founder Reed Hastings and twitter cofounder jack dorsey and if anyone deserves a tax break the least if they do that took bobs burgers off of netflix and the other dude who claimed that at jack handle so early that my best friend jack had to add seven digits and an underscore after is name just to get in the cow only to have everyone think hes a russian but. In fact none of these guys billionaires need tax breaks when the amount of money going from the Silicon Valley Community Foundation to charities in the nine counties bay area actually dropped in twenty