{"id":128140,"date":"2021-06-09T07:37:53","date_gmt":"2021-06-09T07:37:53","guid":{"rendered":"https:\/\/precoinnews.com\/?p=128140"},"modified":"2021-06-09T07:37:53","modified_gmt":"2021-06-09T07:37:53","slug":"how-long-should-it-take-to-give-away-millions","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/how-long-should-it-take-to-give-away-millions\/","title":{"rendered":"How Long Should It Take to Give Away Millions?"},"content":{"rendered":"
The promise of philanthropy was that the wealthy could enjoy tax breaks for their charitable contributions. The pandemic laid bare how accumulation can trump getting money to those in need. A Senate bill aims to change that.<\/p>\n
\u201cPhilanthropy is where wealth inequality is playing out in the public realm,\u201d said Ray Madoff, a law professor at Boston College.<\/span>Credit…<\/span>Tony Luong for The New York Times<\/span><\/span><\/span><\/p>\n Supported by<\/p>\n <\/p>\n By <\/span>Nicholas Kulish<\/span><\/p>\n The billionaires, former government officials and academics gathered in a Manhattan conference room to brainstorm solutions to a problem they had all been working on from various angles: how best to update the laws governing philanthropy, most of which were half a century old.<\/p>\n