I have a benefit of the doubt thing here, not that any billionaire I’ve heard of deserves it. If I suddenly had a billion dollars, would I donate to an existing charity with an administration I don’t know and trust or would I think “hmm I can better choose what happens with this money” and start my own charitable enterprise? Like a bill/Miranda Gates situation.
I know if I had a billion dollars worth of shares of a company I wouldn’t necessarily liquidate it all for philanthropy either. Do I hold onto control of these stocks while attempting to guide the company in a more ethical way? Idk. It’s an interesting thought
I have a benefit of the doubt thing here, not that any billionaire I’ve heard of deserves it. If I suddenly had a billion dollars, would I donate to an existing charity with an administration I don’t know and trust or would I think “hmm I can better choose what happens with this money” and start my own charitable enterprise? Like a bill/Miranda Gates situation.
I know if I had a billion dollars worth of shares of a company I wouldn’t necessarily liquidate it all for philanthropy either. Do I hold onto control of these stocks while attempting to guide the company in a more ethical way? Idk. It’s an interesting thought