It’s not the tax write off that benefits the executives. It’s the fact that they appoint themselves as executives of the charity too, and as such they can legally pay themselves a salary out of the donations they receive.
Got $10m in charity donations? Whoops looks like our executives’ salaries cost $9.9m, guess we can only donate $100k
It’s not the tax write off that benefits the executives. It’s the fact that they appoint themselves as executives of the charity too, and as such they can legally pay themselves a salary out of the donations they receive.
Got $10m in charity donations? Whoops looks like our executives’ salaries cost $9.9m, guess we can only donate $100k