Even in this example, the donor is much worse off than they were before donating. That is, the donor didn’t benefit. Perhaps donating to one’s own foundation i

Even in this example, the donor is much worse off than they were before donating. That is, the donor didn’t benefit. Perhaps donating to one’s own foundation is only 90% as good as immediately donating to the final source, but it’s infinitely better for society and worse for the donor than taking no action.