Daily News Roundup: DAF Loophole Lets Billionaires Slash Taxes
August 3, 2018 | Read Time: 1 minute
Top News
How Tech Billionaires Hack Their Taxes With a Philanthropic Loophole (New York Times)
Worker Charged With Sexually Molesting 8 Children at Immigrant Shelter (ProPublica)
Cryptocurrency May Explain Silicon Valley Community Foundation’s Mysterious Asset Surge (San Francisco Chronicle). Also: See the Chronicle’s coverage of the harassment scandal that led to the resignation of top officials at the foundation.
Hedge-Fund Billionaire Steve Cohen Is Spending Big to Help Veterans. Why Are People Angry? (Fortune)
Donation From Prominent L.A. Politician Roils USC, Which Referred Case to Federal Prosecutors (Los Angeles Times)
About Corporate Philanthropy
Facing Wave of Opioid Lawsuits, Drug Companies Sprinkle Charity on Hard-Hit Areas (Bloomberg) Also: See the Chronicle’s account of how a community foundation took the lead in a fight against opioid abuse.
Selling Millennials Home Insurance and Social Good Is Lemonade’s Novel Pitch (Bloomberg Businessweek)
More News
Report From Stockton, Calif.: Can Philanthropy Save a City? (Atlantic). Also: See the Chronicle’s account of philanthropy’s unusual infusion to the city budget in Kalamazoo, Mich.
The ACLU Is Building a Tech Dream Team. Your Move, Trump (Fast Company)
How Pearl Jam’s ‘Unprecedented’ Benefit Shows Hit Seattle at Pivotal Time in Homeless Debate (Seattle Times)
Opinion: An Exhilarating Nonprofit Attempt to Stop Partisan Gerrymandering (Washington Post)
Boston Nonprofits Pilloried for Not Paying Their Share (Boston Herald)
Debate Ignites in L.A. Over MOCA Hire (New York Times)
