And this is why I view so many charities sporting a family’s name that’s also sponsoring it as complete shams. Sure, on occasion they do actually conduct real charity, but more often than not it’s just a way to funnel money from one source to another to avoid taxes.
Here’s a page from a book written 19 years ago:
“Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich–and Cheat Everybody Else”
And this is why I view so many charities sporting a family’s name that’s also sponsoring it as complete shams. Sure, on occasion they do actually conduct real charity, but more often than not it’s just a way to funnel money from one source to another to avoid taxes.