How the Ultrawealthy Use Private Foundations to Bank Millions in Tax Deductions While Giving the Public Little in Return
A Luxurious Bargain and Elusive Access Private foundations offer a lucrative tax-saving opportunity for the ultrawealthy to donate valuable assets while promising public benefits. However, investigations reveal that some donors have exploited this system to claim millions in tax deductions while offering limited or no public access to their donated assets. The Carolands Mansion – […]