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You should get a tax break when you donate to charity, not when putting it into an intermediary vehicle that holds the funds. This is just asking for abuse. Th
by throw2016 8y ago
You should get a tax break when you donate to charity, not when putting it into an intermediary vehicle that holds the funds. This is just asking for abuse.
This is exactly the kind of self serving 'financial engineering' wall street has become infamous for, and now they get to suck their fees from the charity sector too.
Their fees are a parasitical tax on funds that should have gone to charity and used today given the tax breaks have already been given. The fact that the banking sector can still successfully lobby and get bills passed to operate in secrecy without accountability reflects how badly broken the financial system has become.