[Gustomaximus]

By taxing charity?

Wouldn't most genuine charities be a dollar in and a dollar out type situation, and any unused income/funds that year should be fairly minimal.

The large endowment funds that have billions like Harvard ($50bn) probably have massive excess but at that point I'd have no problem taxing them if they are not spending the excess.

There be some some scenarios where charities get large donation right at FY end and need some rollover function to push funds to the next year's spend before being taxed, or they have to make payment schedules for multiyear projects they are 'saving' for but generally it seems to make sense that charities are taxed.

Other scenarios not considered that would make this a bad thing?

[freddie_mercury]

No, charities keep reserves, they own assets, etc.

Doctors Without Borders annual report says they have $400 million in net assets.

[Tostino]

I think there can be some middle ground. Someone I have followed on YouTube for years has done yearly donation drives for a homeless youth shelter around Christmas. They raised maybe 10k a year for a few years. Last time, they decided to go through the effort to setup an endowment for the charity, and raised a couple hundred grand. That charity now no longer has to look for donations during Christmas to provide presents to the kids and meals to families on hard times. I think that's a great thing. I wouldn't want that to go away. I absolutely want tax shelters for billionaires to go away.