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posted to rec.boats
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First recorded activity by BoatBanter: Oct 2013
Posts: 189
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Charitable Donations of the Rich Mostly Don't Help the Poor
F.O.A.D. wrote:
The rich give to help the rich:
As an article published on Salon recently pointed out, the rich have a
tendency to give generously to institutions and endowments that serve
“their kind” and not the needy.
[A] large portion of the charitable deductions now claimed by
America’s wealthy are for donations to culture palaces – operas, art
museums, symphonies, and theaters – where they spend their leisure
time hobnobbing with other wealthy benefactors.
Another portion is for contributions to the elite prep schools and
universities they once attended or want their children to attend.
(Such institutions typically give preference in admissions, a kind of
affirmative action, to applicants and “legacies” whose parents have
been notably generous.)
Art museums and Ivy League schools need money too, of course, but so
do the nation’s hungry and homeless. A dollar donated to an art museum
gives you the same amount of tax deductions as one spent at a soup
kitchen. The numbers do not favor the poor, either. The Washington
Post found that around 70% of all charitable contributions went to
charities that do not specifically help the poor.
http://tinyurl.com/qhxbmlj
Like forced union dues, eh?
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