A Favorite Loophole of the Rich Is Leaving Charities High and Dry
Big Take21 Dec 2022

A Favorite Loophole of the Rich Is Leaving Charities High and Dry

Billionaires are increasingly taking advantage of a provision in the US tax laws that lets them park money designated for charity in something called a donor advised fund. They get a tax break up front…and can let the money sit in the fund for as long as they like. It’s eventually got to be given to a charitable cause, but they don’t have to say when, or where it’ll go.

Bloomberg reporters Noah Buhayar, Ben Steverman and Sophie Alexander join Wes for a look at their analysis and reporting on donor advised funds–and why they’ve become so popular among the super wealthy. Jan Masaoka, CEO of the California Association of Nonprofits, also stops in to talk about what it means for charities that depend on those delayed dollars.

Learn more about the episode: https://bloom.bg/3GxT3ll

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

See omnystudio.com/listener for privacy information.

Avsnitt(857)

What Trump Wants in Cuba

What Trump Wants in Cuba

President Donald Trump says he believes he’ll have the “honor of taking Cuba.” As the island nation suffers from major blackouts and a US squeeze on its oil supply, its regime’s survival — and the cou...

24 Mars 19min

$100 to Fill Up Your Tank? Some Drivers Say No Thanks

$100 to Fill Up Your Tank? Some Drivers Say No Thanks

As the war with Iran drags out and oil prices remain turbulent, it raises the question of whether — and how — prolonged conflict in the Middle East might impact global fossil fuel dependence and the f...

23 Mars 16min

The Sixth Bureau Episode 6: Nothing Is Holy

The Sixth Bureau Episode 6: Nothing Is Holy

In Episode 6 of The Sixth Bureau, a series from The Big Take, with spy Xu Yanjun in prison, the US government pursues some of his collaborators. Plus, host Jordan Robertson gets an unexpected call whi...

20 Mars 35min

Reopening the Strait of Hormuz Is Going to Take Awhile

Reopening the Strait of Hormuz Is Going to Take Awhile

Has Iran laid mines across the Strait of Hormuz? With attacks on gas and oil facilities across the Middle East sending energy prices soaring, a key to restoring global oil supplies is ensuring the Str...

19 Mars 14min

The Iran War Is the Fed's Worst Nightmare

The Iran War Is the Fed's Worst Nightmare

The Federal Open Market Committee announced this afternoon that it would hold interest rates steady. The decision comes in spite of spiking oil prices and new market uncertainty driven by the Iran War...

18 Mars 17min

Asia Is Bearing the Brunt of the Iran War Energy Crisis

Asia Is Bearing the Brunt of the Iran War Energy Crisis

From soaring fuel prices in Pakistan to a shortage of cooking gas in India, Asia is bearing the brunt of the energy crunch sparked by the Iran War. On today’s Big Take Asia podcast we look at how war ...

17 Mars 18min

Will Russia Be the Biggest Winner of the Iran War?

Will Russia Be the Biggest Winner of the Iran War?

As the war in Iran draws in more countries, it’s had unlikely benefits for one of Iran’s key allies: Russia. President Trump has eased some sanctions on Russian oil in his efforts to alleviate the oil...

16 Mars 16min

Weekend Listen: The Rise and Fall of an Alleged Scam Boss

Weekend Listen: The Rise and Fall of an Alleged Scam Boss

By any account, Chen Zhi's ascent was meteoric. At a young age he founded a real estate company in Cambodia, which quickly became the sprawling Prince Group conglomerate. But beneath this legitimate f...

15 Mars 19min

Populärt inom Politik & nyheter

svenska-fall
p3-krim
aftonbladet-krim
spar
fordomspodden
rss-krimstad
flashback-forever
rss-vad-fan-hande
aftonbladet-daily
motiv
rss-sanning-konsekvens
krimmagasinet
politiken
rss-krimreportrarna
rss-frandfors-horna
kungligt
grans
rss-flodet
dagens-eko
sydsvenskan-dok