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Post here if 99% of your charitable contributions went to your family foundation (Original Post) antigop Apr 2016 OP
The greed....it burns!! Avalux Apr 2016 #1
I was curious about that. HassleCat Apr 2016 #2
What were they sayong about Sanders charitable donations? beedle Apr 2016 #3
Well it did provide "housing" just not for those that needed it come rescue time Dragonfli Apr 2016 #7
Does my dog count? Because what little disposable income I have goes 99% to her care and feeding. Dragonfli Apr 2016 #4
I'll take it! ScreamingMeemie Apr 2016 #5
I have also discovered the secret to a perpetual motion machine in that cutie Dragonfli Apr 2016 #9
Awwwww... I had a Sheltie who took the art of the bark to whole new levels. ScreamingMeemie Apr 2016 #10
I love Shelties! I am sorry for your loss, I have had similar losses in the past :-( /nt Dragonfli Apr 2016 #16
They fill up our hearts, don't they? ScreamingMeemie Apr 2016 #18
Ah I am familiar with the jedidog mind ball trick. She was a beauty, even among a handsome breed /nt Dragonfli Apr 2016 #21
It worked every time, and thanks! ScreamingMeemie Apr 2016 #22
Most Dog lovers take any opportunity to talk about them, not because the are so lovable Dragonfli Apr 2016 #23
That nice googie is A Number One! Money well spent, to be sure. yourpaljoey Apr 2016 #27
Looks like Clintonian charity giving = Romneyian charity giving. Must be a 1%er tax trick. /nt NCjack Apr 2016 #6
99% of OUR charitable contributions went to feeding our cats (we're retired due to the recession). Kip Humphrey Apr 2016 #8
...and the little suckers expect the handout too... ScreamingMeemie Apr 2016 #11
Yeah, well what do you expect from a bunch of bernie-cats. Kip Humphrey Apr 2016 #13
. ScreamingMeemie Apr 2016 #15
Hot coffee berns Kittycat Apr 2016 #26
Our charitable donations appear quite similar in nature, as does our financial condition. Dragonfli Apr 2016 #12
Oh my... think Apr 2016 #14
If I had a family charity such as Clinton Foundation I would put as much money to the foundation Thinkingabout Apr 2016 #17
No surprise you think this is just a peachy idea! hueymahl Apr 2016 #29
It's blatant tax avoidance. Stealing from the most vulnerable... Yurovsky Apr 2016 #19
Nope...only about 45% for me. Chan790 Apr 2016 #20
I'm old enough to remember when savings, prudently invested actually accumulated interest BernieforPres2016 Apr 2016 #31
Sadly... Chan790 Apr 2016 #35
I question most of the investment vehicles open to the mega rich BernieforPres2016 Apr 2016 #36
When I worked for a major US bank, about 5 years ago now... Chan790 Apr 2016 #39
Thanks for posting. This is another eye opener... /nt think Apr 2016 #24
Good morning kick for exposure. think Apr 2016 #25
Yeah, who would want their money to go to HIV, women in poor countries, health and wellness, Hoyt Apr 2016 #28
Except that most of it doesn't. panader0 Apr 2016 #30
Read up on that. Clinton F'tion doesn't give lot of money to charities,they send experienced people Hoyt Apr 2016 #38
and the problem is? DrDan Apr 2016 #32
If you have a family foundation, it makes sense to route donations through it. YouDig Apr 2016 #33
Toys for Chris. cherokeeprogressive Apr 2016 #34
Clinton Foundation paid Blumenthal $10,000 per month while he advised on Libya antigop Apr 2016 #37
 

HassleCat

(6,409 posts)
2. I was curious about that.
Mon Apr 18, 2016, 10:36 PM
Apr 2016

I wondered how much of that charity money they gave to their own charities. I am surprised they didn't try to be a little less obvious about it, but if you can't trust your own charity, why would you want to give your money to a reputable outfit?

 

beedle

(1,235 posts)
3. What were they sayong about Sanders charitable donations?
Mon Apr 18, 2016, 10:41 PM
Apr 2016

they were giving some low number ... was it 7% or 3%? .... I forget the exact numbers they were claiming, but I bet they were a damn site better the the 0.08% (no, not 8%, that's 0.08%) that the Clintons paid to real charities.

Not that Haiti didn't need a brand new luxury hotel for the rich, far on the other side of the island away from the filthy poor .... charity begins with your home-boys, or so the saying goes.

ScreamingMeemie

(68,918 posts)
5. I'll take it!
Mon Apr 18, 2016, 10:43 PM
Apr 2016

I donated $50 to Goodwill because they let you put a value on clothing and household goods. What a cutie pie you have there.

Dragonfli

(10,622 posts)
9. I have also discovered the secret to a perpetual motion machine in that cutie
Mon Apr 18, 2016, 10:48 PM
Apr 2016

Just feed and keep a Jack Russell Terrier healthy, and perpetual energy, amazing speed, and gymnastics occur naturally.

Dragonfli

(10,622 posts)
23. Most Dog lovers take any opportunity to talk about them, not because the are so lovable
Mon Apr 18, 2016, 11:17 PM
Apr 2016

Which they are, but rather because they are so loving, and memorable.
It has been a pleasure for me as well so I also thank YOU.



Thinkingabout

(30,058 posts)
17. If I had a family charity such as Clinton Foundation I would put as much money to the foundation
Mon Apr 18, 2016, 10:56 PM
Apr 2016

as I possible, just as I donate to my candidate and not to a candidate I do not support as many others do.

Yurovsky

(2,064 posts)
19. It's blatant tax avoidance. Stealing from the most vulnerable...
Mon Apr 18, 2016, 11:01 PM
Apr 2016

she's worse than the greedy GOP bastards, because they at least wear their greed and callousness on their sleeve. She pretends to be the opposite of what she really is.

I don't know why this doesn't bother her supporters, but it just doesn't. Taking food out of the mouths of the hungry, denying health care to those unable to afford it, forcing section 8-eligible Americans into the street ...

HRC, WJC, & Chelsea are all tax cheats, stealing from America. But since she's waited her turn to be president, we're all supposed to just hold our nose and vote for her like good little lemmings.

Fuck. That. Noise.

 

Chan790

(20,176 posts)
20. Nope...only about 45% for me.
Mon Apr 18, 2016, 11:02 PM
Apr 2016

Given though, I don't have a problem with it.

There's a legitimate reason to do so and I advise anybody that wins the lottery (or otherwise comes into money) to set up a foundation specifically to make all their tax-deductible donations to at the end of the year. It allows you to build a donations allotment that continues to build interest and which can be used at any time to make donations to charity. It basically takes all the need for strategy out of donating...a decent tax-accountant can tell you the exact optimal amount (to within $1) to donate at the end of December to reduce your tax-burden in any given year. You can then disperse funds from that endowment to charity as you see fit...and your endowment can be invested to grow the amount you have to donate.

It's the smart thing to do.

BernieforPres2016

(3,017 posts)
31. I'm old enough to remember when savings, prudently invested actually accumulated interest
Tue Apr 19, 2016, 09:05 AM
Apr 2016

or could be counted to grow over the long term when prudently invested. Not anymore.

 

Chan790

(20,176 posts)
35. Sadly...
Tue Apr 19, 2016, 09:29 AM
Apr 2016

it's not that this has ceased to be true. Like most things, it's been shifted upwards to the 1%. You're not seeing interest-growth on your savings account and it's tied specifically to the ability of people with lots of money to invest in financial instruments that see explosive growth. (they're stealing your prosperity.) Vehicles not open to you or most people because you don't have $50,000 or $250,000 or $1,000,000 minimums to invest.

It's a fucking disgrace is what it is.

BernieforPres2016

(3,017 posts)
36. I question most of the investment vehicles open to the mega rich
Tue Apr 19, 2016, 09:40 AM
Apr 2016

One of Chelsea's husband's hedge funds (oriented toward Greece) lost almost 50% in either 2014 or 2015 The overall returns of hedge funds are significantly inflated by survivorship bias. The funds that do well are reported, the funds that do poorly and shut down aren't included in the data. My belief is that a lot of the hedge funds that generated enormous returns over extended periods did it in large part through illegal activity, like insider trading.

I have a significant amount of money that I invest (though under current conditions it doesn't provide a big income to live on) and am a very experienced and knowledgeable investor. My money doesn't sit in a savings account. But I don't see anything I consider to be a prudent investment that can be reasonably expected to provide more than a 3-4% annual return. And even those kind of investments are far from guaranteed and could easily generate negative returns some years.

 

Chan790

(20,176 posts)
39. When I worked for a major US bank, about 5 years ago now...
Tue Apr 19, 2016, 03:44 PM
Apr 2016

we offered a "jumbo balance" savings account paying 2% interest, only open to clients with more than $1,000,000 total funds on deposit in the bank including $100,000 for a minimum balance in the "jumbo savings." Now, given, 2% isn't great...but it is about 40 times what we pay in interest on our $1,000 minimum-balance "no fee" savings account (fees kick-in if you fall below the minimum balance) for the plebs. It's about .65% higher than what we offer on any CD with a lower minimum balance and unlike the CDs, there is no required term of deposit.

The questions that have to be asked and never are..."how are they paying 2% on any savings account?" and "why are they paying 2% on any savings account?"...really have unpleasant answers.

How? They generate the revenues to pay those rates (which to be clear, are at a loss versus the utility of the money in question) through the revenues generated off funds on deposit in the much larger pool of lower-balance accounts. Everybody else gets screwed on interest paid in order to pay higher interest on this smaller pool of preferred accounts.

Why? Because they want to keep those clients more than they care about the smaller depositors. They make their profits off the major clients and consider the smaller ones the nuisances of doing business. (and in branch manager meetings, they stop just short of talking about them in those terms.)

They pay them more so they'll do more business with the bank because their research shows that most people would prefer to do as much or all of their financial business with one institution as possible. If they offer better deals to the 1%ers that bank with them...that's more of a windfall than spreading the benefit thinner to everybody.

 

Hoyt

(54,770 posts)
28. Yeah, who would want their money to go to HIV, women in poor countries, health and wellness,
Tue Apr 19, 2016, 08:53 AM
Apr 2016

economic development in poor countries, climate initiatives, etc.

https://www.clintonfoundation.org/our-work

panader0

(25,816 posts)
30. Except that most of it doesn't.
Tue Apr 19, 2016, 09:04 AM
Apr 2016

The Clinton Foundation has one of the worst records of any charity. Charity Navigator dropped
them because of the bizarre business model.

 

Hoyt

(54,770 posts)
38. Read up on that. Clinton F'tion doesn't give lot of money to charities,they send experienced people
Tue Apr 19, 2016, 10:50 AM
Apr 2016

supplies, equipment, etc., to do a lot of the work. There's a big difference in that type of organization and those that fit in the Charity Navigators rating scheme. The Charity Navigator doesn't take that into it's rating system, which is based primarily on how much money they dole out. Jesus, they even have the Red Cross on their watch list.

DrDan

(20,411 posts)
32. and the problem is?
Tue Apr 19, 2016, 09:08 AM
Apr 2016

"Because of our work, more than 31,000 American schools are providing kids with healthy food choices in an effort to eradicate childhood obesity; more than 105,000 farmers in Malawi, Rwanda, and Tanzania are benefiting from climate-smart agronomic training, higher yields, and increased market access; more than 33,500 tons of greenhouse gas emissions are being reduced annually across the United States; over 450,000 people have been impacted through market opportunities created by social enterprises in Latin America, the Caribbean, and Asia; through the independent Clinton Health Access Initiative, 9.9 million people in more than 70 countries have access to CHAI-negotiated prices for HIV/AIDS medications; an estimated 85 million people in the U.S. will be reached through strategic health partnerships developed across industry sectors at both the local and national level; and members of the Clinton Global Initiative community have made more than 3,400 Commitments to Action, which have improved the lives of over 430 million people in more than 180 countries."

https://www.clintonfoundation.org/about

Seems like worthwhile efforts, don't you think?

I guess the comparison between the two In this regard does stand out, doesn't it.

YouDig

(2,280 posts)
33. If you have a family foundation, it makes sense to route donations through it.
Tue Apr 19, 2016, 09:12 AM
Apr 2016

The Clinton Family Foundation sends money to other charities.

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