A gigantic grift that the rich hide by claiming dubious public benefits.

#PrivateFoundations #TaxLoopholes #grifters

https://www.propublica.org/article/how-private-nonprofits-ultrawealthy-tax-deductions-museums-foundation-art

How the Ultrawealthy Use Private Foundations to Bank Millions in Tax Deductions While Giving the Public Little in Return

https://www.propublica.org/article/how-private-nonprofits-ultrawealthy-tax-deductions-museums-foundation-art

I donate to ProPublica because of its #nonprofit #philanthropy reporting and I encourage you to do the same. https://give.propublica.org/give/492934/#!/donation/checkout?c_src=UpRed

#privatefoundations #IRS

Top Fallacies about Canadian Private Foundations in Canada in 2022 https://www.canadiancharitylaw.ca/blog/top-fallacies-about-canadian-private-foundations-in-canada-in-2022/ Many private foundations, even though they have significant resources, are unaware of the details of the regulatory environment in Canada. Or many of them incorrectly understand regulatory requirements. #CharityLaw #Regulation #PrivateFoundations #RegisteredCharity #Grantmaking #Philanthropy