4 ms·
I call this the lazy philanthropy. Dump a bunch of money on well known names and it ends up sloshing around the system going into unrelated stuff. On the other
by allisdust 4y ago
I call this the lazy philanthropy. Dump a bunch of money on well known names and it ends up sloshing around the system going into unrelated stuff.
On the other end is the active philanthropy (like what Bill Gates does) which is a lot more effective and shows results faster.
- orbifold 4y agoWhat Gate has done also seems largely a tax avoidance scheme that supports his BioTech and other investments. If you have a foundation which does investments and invest yourself I am sure there are really well worked out ways of avoiding capital gains tax indefinitely, while not giving up control on where any of your money really goes.