Each December, wealthy people rush to donate billions of dollars to maximize their charitable deductions and shrink their tax bill. Unfortunately, loopholes in tax laws mean donated dollars don’t always go to active charities.
Read the full op-ed by John Arnold, co-founder of Arnold Ventures and member of the Initiative to Accelerate Charitable Giving: https://www.usatoday.com/story/opinion/2020/12/18/why-reform-charitable-giving-laws-would-help-more-people-need-column/3937999001/