Philanthropy: Giving, Status, and Influence
Big-donor philanthropy is less about giving than structuring. A foundation must pay out 5% a year; a donor-advised fund needs to pay out nothing. Here’s how the money, status, and influence actually move.
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Taxes: How Wealth Is Structured and Preserved
The 25 wealthiest Americans paid a 3.4% income-tax rate on their wealth growth, per ProPublica. The structures that produce that number — explained, not editorialized.
