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Resource ID: #16035
Subject: Nonprofits
Source: Wall Street Journal (New York)
Date: 1999-12-20



The Wall Street Journal's "collection of stories on charitable abuses for private gain and the economic underpinnings of the not-for-profit world... The underlying theme of this story collection is the growing use of philanthropy for less-than-charitable purposes -- from avoiding taxes to building empires.... The beneficiaries of such devices: tax shelter promoters and their clients, the so-called angry affluent, who balk at the bite that taxes take from their new-found wealth. The victims: less affluent and less strategic taxpayers, who pay more than their share when those exploiting tax-avoidance schemes pay less..."

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