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Just_the_facts_ma_m t1_ish1j3w wrote

Reply to comment by [deleted] in TIL that before Lincoln Center could reward David Geffen's $100 Million donation by renaming "Avery Fisher Hall" to "David Geffen Hall", they had to pay the heirs of Fisher - the original donor - $15 million. Geffen's donation has a provision that requires his name to be on the hall "in perpetuity". by AspireAgain

How? It’s simple. Anyone who think giving money away is a “tax avoidance scheme” doesn’t understand how taxes work.

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[deleted] t1_ish2084 wrote

Why carry on with all this nonsense? You can google this yourself if you're so smart.

https://apnews.com/article/business-philanthropy-b8acb10f529ac2dbaff7631021d823c9

https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html

https://www.fidelitycharitable.org/guidance/charitable-tax-strategies/reduce-taxable-income.html

Anyone who thinks the rich give away money for free is naive at best, and a shill at worst.

I think it's more that you act the contrarian to feel smart.

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