Most celebrities and other ultra-rich have set up their own charitable foundations mostly for tax benefits. They do not have to publish the financials for their foundations.
This from the Guardian:
Over the course of the year DBVL gave £1m to Unicef, the UN agency responsible for providing humanitarian support to children across the world, for which he is a goodwill ambassador. The donation helped knock the company’s pre-tax profits down from £14.8m in 2018 to £11.3m in 2019.
It's all about reducing profit on the books, and it makes the celebrity look good. I have so many questions about these charitable foundations, but we will never get to see the books on them.
Gransnet forums
Work/volunteering
Join the conversation
Registering is free, easy, and means you can join the discussion, watch threads and lots more.
Register now »Already registered? Log in with:
Gransnet »

