r/Philanthropy • u/Sea_Background_9507 • 12d ago
Can anyone explain if the wealthiest billionaires claiming to give away all their wealth worth hundreds of billions in charity is actually legit cuz most of their donations are in stocks, that too usually to their own charitable foundation and ofc stocks are not liquid..so..
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u/jtmarlinintern 12d ago
Even if the tax advantage they gain from giving away stocks in the companies they founded , the money is real if they choose the correct charities . Look at Mackenzie Scott