• @archpaladin1
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    41 year ago

    She said many rich people wanted to set up their own educational or health foundations without checking whether there was a need or an existing charity or government-funded programme working to address the issue.

    When the rich only think about charity as a means to further their own name, it’s no wonder nothing ever really gets fixed.

    • @UFODivebomb@programming.dev
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      11 year ago

      Not just name but tax benefits and grifting opportunities.

      1. Set up charity
      2. Transfer stock to charity. Yay! Tax write off
      3. Charity sells stock. They pay tax but oh well
      4. Charity pays founder as advisor
      5. Other people sending charity money? Bonus!