Re:Bill and Melinda Gates: America’s Top Farmland Owner
by mrits on Thursday January 14, 2021 @03:02PM
(#25781693)
He might be able to buy or build a yacht with it actually.
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Re:Bill and Melinda Gates: America’s Top Farmland Owner
by radmarshallb on Thursday January 14, 2021 @03:08PM
(#25781776)
How? By outfitting it with facilities so that he can claim it has medical applications?
Re:Bill and Melinda Gates: America’s Top Farmland Owner
by ABeeSea on Thursday January 14, 2021 @03:23PM
(#25781967)
Yea that’s pretty much the only way. Mercy Ships is a major charity that does similar. And to the commenter who mentioned the trump foundation, it was charged with fraud, fined $2M, and dissolved. So probably not a great example.
Re:Bill and Melinda Gates: America’s Top Farmland Owner
by krustyburger on Thursday January 14, 2021 @03:19PM
(#25781912)
My understanding is that there are actually very few restrictions on what kind of expenses charitable foundations can use their funds toward. The public’s attention was drawn to this because of media reporting on some of the more ludicrous outlays of the Trump Foundation.