This theory is inaccurate and slanderous. You should delete it. I have had extensive private conversations with Bill on his intentions, both before his philanthropy and during, and I can confirm he’s in it to stimulate giving. There is no profit motive. He doesn’t need profit.
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The ghost of Howard Hughes may disagree with you.
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I think the idea of it being a data harvesting scam takes the cake for most ridiculous, but we can agree to disagree. In any event, charitable donations and philanthropic gifts often do confer tax benefits. If Bill’s case is different, then I stand corrected.
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No, in no case does a charitable contribution save more on taxes than it costs in donation. And almost none of Bill’s gifts so far are the deductible type.
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For the record, I never said anything about saving money, nor do I have any remote issue with what Bill is doing. If I was in his position I’d be doing the same regardless of tax advantages or disadvantages.
End of conversation
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Donating instead of paying tax is an incentive.
#WildcatClub donations at the University of Arizona are required to reserve Football & Basketball Seats. This is a charitable donation for tax purposes. The donation is a gift, though also is deducted to save on tax expense.Thanks. Twitter will use this to make your timeline better. UndoUndo
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