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Top News In தொண்டு சீர்திருத்தம் முயற்சி Today - Breaking & Trending Today

Over billion dollars in donor-advised funds went to other DAFs

Over billion dollars in donor-advised funds went to other DAFs
accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.

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Philanthropists Push for Charitable Giving Reforms


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Volunteers hold turkeys during a giveaway for people in need organized by Food Bank For New York City in December. Philanthropists are pushing for reforms that would lead to more charitable giving to nonprofits like this.
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A group of high-profile philanthropists and foundations, along with estate and gift tax experts, have come together to push for reforms to charitable giving laws that would increase the amount of money available for nonprofits. 
Their goal is to unlock some of the US$1 trillion sitting in private foundations and donor-advised funds (DAFs) that is not obligated to be distributed to nonprofits under current law. The group, known as the Initiative to Accelerate Charitable Giving, also aims to make it easier for the 90% of taxpayers who don’t itemize to gain a tax benefit for giving to charity. ....

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Why women give away more money


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RULING THE WEEK
The richest woman in the world, MacKenzie Scott, is giving away her billions with remarkable speed. On Tuesday, the ex-wife of Amazon CEO Jeff Bezos
announced she has given almost $4.2 billion to 384 organizations in the past four months. That’s on top of $1.7 billion in gifts she announced this past summer. Her net worth is ....

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Cleveland Food Bank Among Local Recipients of Donation Spree by MacKenzie Scott, Philanthropist and Ex-Wife to Amazon Overlord


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By Jerilyn Jordan
on Wed, Dec 16, 2020 at 3:18 PM
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She may not have taken part in the panned and totally tone-deaf mid-pandemic star-studded cover of John Lennon s “Imagine” (thank god), but MacKenzie Scott a billionaire philanthropist, novelist, and the 18th wealthiest person in the world is making real change by moving quickly to fulfill a generous donation pledge she made last year after her divorce from Amazon CEO and overlord Jeff Bezos.
On Tuesday, Scott published an essay on Medium titled “384 Ways to Help” in which she detailed her reliance on the words of Emily Dickenson during the pandemic, as well as her thought process behind her massive “no strings attached” non-profit grant blitz. ....

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Mackenzie Scott's Gifts Cast Unflattering Light on Bezos' COVID Capitalism


Mackenzie Scott s Gifts Cast Unflattering Light on Bezos COVID Capitalism
Newsweek
12/16/2020
Jason Lemon
© SAJJAD HUSSAIN/AFP/Getty
Jeff Bezos, the CEO and founder of Amazon, gestures as he addresses the Amazon s annual Smbhav event in New Delhi, India on January 15
Mackenzie Scott, the ex-wife of the world s richest man, Jeff Bezos, has made headlines after she announced donating $4.2 billion of her fortune to 384 organizations working to make a difference during the coronavirus pandemic.
This news came after Scott drew headlines in July for contributing some $1.7 billion to historically Black universities and colleges as well as women s rights, LGBTQ and climate change groups. ....

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