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ESSENTIAL VIDEO FROM THE HATED ONE ON CHARITIES ARE THE PUBLIC FACING FRONT WHILST FOUNDATIONS ARE THE ASSET HOLDERS OF THE CHARITY WHICH ARE NGO'S AND TAX EXEMPT WHO INVEST IN THEIR OWN ASSETS - THE BAIT AND SWITCH CON!!!
Note: Anons must watch this to grasp how their system works. great work by this content producer and said this anon a ton of work.
p.s bitchute link cannot be embedded on 8kun so use youtube link or copy and paste bitchute link in brower.
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BILLIONAIRE FOUNDATION - THE MOST IMMORAL CHARITY IN THE WORLD
First published at 15:19 UTC on June 19th, 2023.
https://www.bitchute.com/video/OH4uh8cHuto/
https://youtu.be/OH4uh8cHuto
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Billionaire philanthropy is not just charitable giving. It's an investment venture before anything else. Then it's about hoarding wealth, avoiding taxes and getting some positive PR for it.
Support independent research and analysis by joining my Patreon page: https://www.patreon.com/thehatedone
Private foundation is an institution with a very special status. They are tax exempt private organizations yet they are still allowed to invest into for profit companies. Foundations can hold corporate stocks and bonds and generate revenue this way.
There is only one major condition they have to fulfill to keep their tax exempt status - and that is to donate 5% of foundation's total assets on annual basis. So when you hear a billionaire donating their wealth to charity and it's going through a foundation, up to 95% of it can go into profitable investments. In practice, all foundations' assets in the US amount to more than $1 trillion. Yet, they donated only $90.88 billion in 2021.
Sources (references are available in the transcript)
[0a] https://nccs.urban.org/publication/nonprofit-sector-brief-2019#recipients
[0b] https://www.statista.com/statistics/250878/number-of-foundations-in-the-united-states/
[1] https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
[2] https://www.nytimes.com/2021/06/08/us/politics/income-taxes-bezos-musk-buffett.html
[3] https://www.irs.gov/charities-non-profits/charitable-organizations/private-foundations
[4] https://www.irs.gov/charities-non-profits/private-foundations/taxes-on-failure-to-distribute-income-private-foundations
[5] https://www.nptrust.org/philanthropic-resources/charitable-giving-statistics/
[6] https://www.issuelab.org/resources/36381/36381.pdf
[7] https://www.gatesfoundation.org/about/financials
[8] https://www.thenation.com/article/society/bill-gates-foundation-philanthropy/
[9] https://www.latimes.com/archives/la-xpm-2007-jan-07-na-gatesx07-s
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