What!? Do you realize what the foundation does with the money? They aren't spending the money on vacation homes for Bill & Melinda. They are spending on eradicating malaria and stuff like that. You know, good things for the world. How is this a tax scheme?
Donate $1B, and only $100M is used for the actual solution of the problem while $900M sits accumulating more wealth.
The vacation home comes 7-8 years later, after the money has been "washed" a few times.
This would be like me automating commits at a startup with some hardcoded boilerplate commit messages to make it look like I was working the full "expected" day while in actuality, I was completing everything in 20 minutes.
In the end of the day - malaria is being eradicated. This is GOOD.
However, your "Foundation" actually profited while doing it and sets the false narrative that it took sacrifice to achieve such means.
This is disingenuous in two ways:
(1) A $100M task is now seen as a $1B task.
(2) Brings into question the charity ideals. We, as peasants, are supposed to look up to this sizable donation if we follow media sentiment. I donate to charities and kickstarters of my own - the difference is I'm poor and I'm not making money off these donations. Its an actual sacrifice.
There are sites like charitynavigator that help those who would like to donate check how valid a cause really is, but when you are talking "Foundations" where the amounts are in figures
This makes no sense. If the foundation is "accumulating more wealth", that just means they have more money to spend on on good causes later. Nobody can take the money out for themselves.
