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SMN: Billionaire Philanthropy Is Kind Of A Scam
Some More News
The Problems With Philanthropic Foundations
In 2012, a little over $300 billion in charitable donations were made in the US. These foundations only have to donate 5% of what they have each year. The rest they can just... hold on to. Which basically makes them giant tax-free money vaults for their founders to swim and fuck in.
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