Leaked: How Billionaires Write Off Entire Incomes With Charity Loopholes
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This week, we released a crucial new report revealing the true cost of billionaire philanthropy to taxpayers, the nonprofit sector, and our society The funds allow donors to get an upfront tax break and then are used to administer grants. But others appear to use.
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1 in 4 charitable dollars goes into 'dark money' funds that have no obligation to actually donate to charity—but their donors still get all the benefits Here’s how the ultra rich are beating the system Super wealthy americans are using this 1 type of ‘charity fund’ to get massive tax breaks — without even doing any charitable giving
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