Why are most "charitable foundations" so stingy?

That said, I will *not* be claiming a charitable tax deduction on the donation, so I would imagine that it's 100% legal for you to take the deduction.Here's proof of the payment (email receipt from PayPal):http://imgur.com/fEUfnOG

I can't think of any professional athlete that would do this (unless it was for charitable reasons).

Not sure about Private Foundation in this case but a Charitable N/P could work if completely arms length.

A lot of investors I come across don't consider the benefits or are simply unaware of some of the best financial planning strategies out there especially when it comes to estate planning and tax implications, working an insurance policy as a creative investment vehicle, leveraging debt, and using things like Charitable Remainder Trusts.

Consider sending mailers to charitable groups/churches: They frequently receive gifts of real estate, but they'd rather have the cash 51.

The one I REALLY love is his disdain for charitable giving.

I join charitable orgs, the local Rotary club and similar orgs, and go to places where movers and shakers hang out/dine.

For charitable donations deeds of covenant have been superseded by Gift Aid.Warranty, in U.S. law of contracts, an undertaking expressed or implied, given by one contracting party to another, that a fact alleged with respect...DeedDeed, in law, written instrument that transfers an interest in real estate.

Fortunately for him his investment in Madoff was not a huge portion of his net worth but it still was a hit...20M plus 8M from a charitable foundation.