Just in case people don't know, Tides Foundation is a DAF (Donor-Advised Fund). A DAF is a specialist charity that provides donors with savings/investment accounts which can only be used for charitable giving. A DAF serves several purposes:
1) enabling tax-deductible charitable giving to a foreign charity, which is what seems to be happening here with the Google donation. The DAF does due diligence on the foreign charity and approves it for tax-deductible giving.
2) providing for anonymous donations to charity, if desired (Google is not being anonymous here)
3) managing charitable giving tax-efficiently across financial years. If you have a good year, you can give a lump sum tax-efficiently to the DAF in that year, and then make donations from your DAF account to charities at your leisure.
What DOES qualify them to adjudicate the truth ?!! Is it their documented experiential deficit ? Is it their documented math skills deficit ? Is it the fact they attended an economics 101 class at uni ? Is it the ”its all about me” attitude learned throughout their schooling ? No ? What then qualifies them to judge ?
Just in case people don't know, Tides Foundation is a DAF (Donor-Advised Fund). A DAF is a specialist charity that provides donors with savings/investment accounts which can only be used for charitable giving. A DAF serves several purposes:
1) enabling tax-deductible charitable giving to a foreign charity, which is what seems to be happening here with the Google donation. The DAF does due diligence on the foreign charity and approves it for tax-deductible giving.
2) providing for anonymous donations to charity, if desired (Google is not being anonymous here)
3) managing charitable giving tax-efficiently across financial years. If you have a good year, you can give a lump sum tax-efficiently to the DAF in that year, and then make donations from your DAF account to charities at your leisure.
What DOES qualify them to adjudicate the truth ?!! Is it their documented experiential deficit ? Is it their documented math skills deficit ? Is it the fact they attended an economics 101 class at uni ? Is it the ”its all about me” attitude learned throughout their schooling ? No ? What then qualifies them to judge ?