IRS considers cracking down on $230 billion charitable sector that critics call ‘warehousing of wealth’By Press Room9 May 2024 Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an…
Marc Benioff replaces Warren Buffett in private lunch auction for California charity that raised $53 millionBy Press Room10 April 2024 The California homeless charity that received $53 million over the years from investors who wanted a private lunch with billionaire…
Netflix’s Reed Hastings didn’t just give a whopping 20% of his net worth to charity with a massive $1.1 billion donation—there’s a major tax considerationBy Press Room31 January 2024 Last week, Netflix co-founder, executive chairman and former CEO Reed Hastings gave about 40% of his company stock—worth about $1.1…
Bill Gates foundation chief takes a shot at donors who give only to elite universities, urging them to follow Chuck Feeney’s exampleBy Press Room25 January 2024 According to the Gates Foundation, billionaires need to start giving more of their money away: and not just to elite…