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Yield Giving is an American foundation which is the primary philanthropic vehicle for MacKenzie Scott, the former wife of Amazon CEO Jeff Bezos. [1] The organization's name is based on her philosophy of adding value in her philanthropy by giving up control to local organizations (localization). [2] The website was launched in December 2022. [3]
The cash proceeds after liquidating the depreciated asset may of course be donated to charity and deducted following the sale, but the tax advantages of making such donation are no better or worse than in any cash donation to charity. In any case, such a course leaves the investor more after-tax assets to donate if so inclined.
Amazon founder and CEO Jeff Bezos said Thursday that he is giving $2 billion to start a fund that will open preschools in low-income neighborhoods.
In philanthropic giving, foundations and corporations often give money to non-profit entities in the form of a matching gift. [2] Corporate matches often take the form of employee matching gifts, which means that if an employee donates to a nonprofit, the employee's corporation will donate money to the same nonprofit according to a predetermined match ratio (usually 1:1).
The donor-advised fund is one of the most tax-efficient ways to donate money to charity, which has helped it become the fastest-growing charitable giving vehicle in the U.S., according to Fidelity ...
Last year, six of the 10 largest charitable donations in the United States came from the tech sector, solidifying Silicon Valley’s place as the epicenter of the newer, bigger, disrupty-er philanthropy. There, tech billionaires form “giving circles” to share leads on promising charities, and they hire the same consultants to vet them.
Amazon founder and ostensibly departing CEO Jeff Bezos seems poised to up his charitable game, even as he steps back from some of his duties at the empire he built.
The Bezos Family Foundation is a philanthropic organization based in the United States.It was co-founded by Jackie Bezos and Miguel Bezos in 2000. Jackie Bezos and Miguel Bezos are the parents of founder and former president and chief executive officer of Amazon and founder and owner of Blue Origin Jeff Bezos.