by Charlene Seidle, Executive Vice President
Are donor advised funds merely a tax shelter for the reluctantly philanthropic? This seems to be the overriding premise of “How Tech Billionaires Hack Their Taxes with a Philanthropic Loophole” published in The New York Times on August 3, 2018. The article cited several examples of wealthy tech entrepreneurs “parking” their assets at community foundations and commercial donor advised funds, receiving acclaim for their generosity, and not doing much with the funds.
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