What Bill Gates needs to learn about philanthropy

Article Abstract:

Software developer and businessman Bill Gates has a history of miserly giving and is most evidently interested in acquisitions, though recent signs suggest an evolving view of philanthropy. He purchased Leonardo da Vinci's insightful Codex Hammer in 1994 for $30.8 million, a symbolically meaningful but ultimately useless purchase. His company is enormously profitable but gives only a pittance, though its matching-gift program is growing. Gates's best role model in this field would be Andrew Carnegie.

Planning, Donations, Gates, Bill, Charitable contributions, Charitable donations

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Comparing a charitable remainder trust with an outright sale

Article Abstract:

Charitable remainder trusts (CRTs) can diversify low cost investments while allowing gains and taxes to be spread over several years, yet there is some doubt as to a CRT's benefit. Outright sale of assets and prompt tax payment leave more money in hand than using a CRT, also avoiding the long-term expenses of administering a trust. The greatest long-term advantages of a CRT are the security of an annuity and satisfaction from enacting charitable motives.

Educational, religious, etc. trusts, Educational, Religious, Charitable Trusts, Grantmaking Foundations, Evaluation, Taxation, Investments, Charitable trusts, Charitable remainder trusts

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