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To: Cincinatus' Wife
Many foundations are formed in order to launder old family money. Either family members or insiders are board members, and they vote to allocate the funds to projects that just happen to be beneficial to...the family.
40 posted on
07/04/2014 3:24:40 PM PDT by
lurk
To: Cincinatus' Wife
donated all the money earned from colleges over the past year to her family’s foundation.
So she gets a tax deduction and gets to keep the money.
To: Cincinatus' Wife
it goes from a foundation at a university to another foundation,”
After fees and expenses and staff salaries are paid what's left?
43 posted on
07/04/2014 5:16:01 PM PDT by
Kid Shelleen
(Beat your plowshares into swords. Let the weak say I am strong)
To: Cincinatus' Wife
She donates them to her lawyer, otherwise she would be in federal prison where she belongs
44 posted on
07/04/2014 7:32:22 PM PDT by
Some Fat Guy in L.A.
(Still bitterly clinging to rational thought despite it's unfashionability)
To: Cincinatus' Wife
Can I ‘donate’ to my own foundation - and then let the foundation employ me in retirement? Sounds like a tax dodge to me.
45 posted on
07/04/2014 8:42:57 PM PDT by
GOPJ
(Why no outrage over IRS targeting? Same reason Pravda didn't make a stink about gulags.FREnterprise)
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