Bloomberg Podcasts
@bloombergpodcasts·503K subscribers·32.4K videos
A Favorite Loophole of the Rich Is Leaving Charities High and Dry | The Big Take
Posted
December 21, 2022
Views
160
Likes
3
Comments
2
Engagement
December 21, 2022
160
3
2
3.13%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
29:10Now PlayingBillionaires are increasingly taking advantage of a provision in the US tax laws that lets them park money designated for charity in something called a donor advised fund. They get a tax break up front…and can let the money sit in the fund for as long as they like. It’s eventually got to be given to a charitable cause, but they don’t have to say when, or where it’ll go.
Bloomberg reporters Noah Buhayar, Ben Steverman and Sophie Alexander join Wes for a look at their analysis and reporting () on donor advised fundsand why they’ve become so popular among the super wealthy. Jan Masaoka, CEO of the California Association of Nonprofits, also stops in to talk about what it means for charities that depend on those delayed dollars.
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter()
Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net (mailto:bigtake@bloomberg.net).
See omnystudio.com/listener () for privacy information.
Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take.
Subscribe to Bloomberg Podcasts
Listen to more of The Big Take
#Bloomberg #Podcast #TheBigTake
Follow Bloomberg Podcasts on Twitter
Visit our other YouTube channels:
Bloomberg Markets & Finance
Bloomberg Politics
Bloomberg Technology
Quicktake Originals
Quicktake Now
Quicktake Explained
For coverage on news, markets and more
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
