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FuglyDuck , 8 months ago (edited 8 months ago) businessinsider.com/how-ultra-wealthy-americans-u… propublica.org/…/how-private-nonprofits-ultraweal… bloomberg.com/…/rich-use-tax-loophole-to-get-dedu… apnews.com/…/business-philanthropy-b8acb10f529ac2… nytimes.com/…/donor-advised-funds-tech-tax.html it’s the same reason why the Mormons operate one of the largest hedge funds in the US. ETA: there are a lot of ways personal 501c corps are exploited by the ultra-wealthy. It’s the pinnacle of graft
businessinsider.com/how-ultra-wealthy-americans-u…
propublica.org/…/how-private-nonprofits-ultraweal…
bloomberg.com/…/rich-use-tax-loophole-to-get-dedu…
apnews.com/…/business-philanthropy-b8acb10f529ac2…
nytimes.com/…/donor-advised-funds-tech-tax.html
it’s the same reason why the Mormons operate one of the largest hedge funds in the US.
ETA: there are a lot of ways personal 501c corps are exploited by the ultra-wealthy. It’s the pinnacle of graft