A certain charitable foundation is in the news. It makes me think about generosity. How do you go about your charitable giving?
- I give to causes I care about
- I give to people I care about
- I am my own favorite charity
- I gave at the IRS
I understand why very wealthy people set up foundations to decide how to best distribute their charitable giving to worthy projects. I don’t understand why people contribute to someone else’s foundation. Why give away control of your giving?