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Didn’t he retract from the Gates foundation last year. His children will be in charge of it to “donate”. I don’t know the specific mechanics but seems like it’s
by infecto 2y ago
Didn’t he retract from the Gates foundation last year. His children will be in charge of it to “donate”. I don’t know the specific mechanics but seems like it’s a good way to simply give it to your kids. They all run types of charities.
https://www.inc.com/jason-aten/with-4-words-warren-buffett-explained-why-hes-cutting-off-gates-foundation-taught-a-lesson-for-every-leader.html https://www.inc.com/jason-aten/with-4-words-warren-buffett-e...
- forgetfreeman 2y agoNot to rain on anyone's parade but it is important to note that philanthropic trusts are an excellent way to avoid taxes.
- infecto 2y agoAgree, I might not have hinted at that strong enough. It might have some philanthropic end uses but last time I remember looking at his kids charities, they were very strange.