billionaires | WRAL TechWire


How tech billionaires hack their taxes with a philanthropic loophole

Donor-advised funds, or DAFs, allow wealthy individuals to give assets — usually cash and stock but also real estate, art and cryptocurrencies — to a sponsoring organization like the Silicon Valley Community Foundation, Fidelity Charitable or Vanguard Charitable. But while donors part ways with their money, they don’t give up control.

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