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[-] Changetheview@lemmy.world 0 points 1 year ago

I think we’re saying the same thing. Many ways to get personal benefit from a charitable trust. They are irrevocable trusts, but the majority money doesn’t immediately have to go anywhere.

And even when money does flow out (beyond admin/establishment costs), there are TONS of creative ways to use it for personal benefit. It’s not like they are certainly giving it to make sure society has what it needs.

See Rolex and Hershey. Or giant charity galas. Many ways to use the funds for “non-profit” entertainment. Plenty of ways to get kickbacks from “charitable” donations.

this post was submitted on 26 Sep 2023
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