leaves most of his estate to charity
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He's doing some good with it. His family has more than enough money of their own.
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MovieChat Forums > Kirk Douglas Discussion > leaves most of his estate to charity
What a noble gesture!
shareI wonder what charity.
shareHis Charity.
shareHIS charity? Like his own charitable foundation?
That means his family can give themselves large salaries from the foundation, and thus inherit his estate without paying inheritance taxes. That's one a common tax loophole, only available to people rich enough to set up foundations.
Shocking. Wealthy people are very charitable.
shareSome wealthy people actually *are* very charitable!
Some are just charitable enough to avoid paying taxes.
Its possible, its not charity if you brag about. I guess someone out there must help others, with out seeking personal gains. I have never seen it
shareI respectfully disagree, it's still charity if you brag about it, and the people who need money or services get the money or services they need.
Here's a question, if your spouse does all the philanthropy in your name, and people genuinely benefit and you get the public credit for your spouse's work, is *that* genuine charity?
Sure, seems like an unlikely scenario. In general would view it as cheap and effective advertisement.
It would look bad to pay for an advertisement in the paper to brag about yourself, so instead you do charitable things and pay the paper to report on it.
I'm not fussed if a person does genuine good, and gets publicity for it. What pisses me off is people who only pretend to be charitable, who put out endless publicity about how giving they are, when they do shit nothing but a few highly publicized appearances. AND they spend the money from their "charitable foundation" on themselves.
As for the scenario with the spouse, that's actually the rumor floating around a recent megabucks divorce. A bazillionaire who gave away nothing before marrying, and billions after. The bazillionaire got loads of positive publicity and did real good, and rumor has it that the divorce dragged on forever because the charitable foundation was 100% the spouse's work, and the spouse wanted to keep control over the whole foundation.
That is a generous move.
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