Don't want to get into Trump vs Hilary debate, but don't you think it is a bit strange that nearly every rich individual has their own foundation? A foundation that most people don't know what is responsible for. Most of the time you don't hear it doing much either.
Why for example some political entities donate large amount of money to these foundations instead of the ones that are proven to do something (like red cross).
It feels like perhaps those foundations are there just to exploit a tax loophole, and that they donate once in a while to specific cause to satisfy their legal requirements.
Why for example some political entities donate large amount of money to these foundations instead of the ones that are proven to do something (like red cross).
It feels like perhaps those foundations are there just to exploit a tax loophole, and that they donate once in a while to specific cause to satisfy their legal requirements.