Summary
By hiding under the guise of the estate tax, Alan Reynolds' column ("Foundations and the estate tax," Commentary, July 2) attempts to justify a limited tax exemption for foundations and ends up missing the point of philanthropic giving entirely.
When you give the money to your child, it remains in the family to use for personal gain. When you give your money to philanthropy, you release control while dictating that it must be used for the common good.See the full content of this document
Extract
Philanthropy and the Estate Tax
I differ with my conservative friend in a number of key premises, but two in particular:
It is ...See the full content of this document
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