The other kind of trust fund hipsters?
Yahoo! human! rights! fund! called! a! sham!! $13m! of! $17m! wasted!
The shriveled husk of Yahoo! has once again been dragged into court, this time over allegations the company mishandled millions of dollars earmarked for humanitarian aid. A complaint [PDF] filed in the Washington DC US District Court on Tuesday alleges that the Yahoo! Human Rights Fund Trust, a charity the erstwhile search …
COMMENTS
-
Wednesday 12th April 2017 09:28 GMT Whitter
Bribery by another name
I've no proof but I suspect this is not an uncommon use of corporate charity - and fairly worldwide too. Maybe "bribery" is a bit harsh in other instances, where "tax evasion" may be closer to the mark (and if there is a moral distinction worth making between the two).
-
-
Wednesday 10th May 2017 10:16 GMT Gordon Pryra
Is this not the entire point to charities though?
Not that I am being cynical, but I have worked for multiple "charities" some of the big ones that you would recognize, and they just seem to be a business like any other.
Likewise, any profit making company pretending to have ANY charitable aims is just looking for advertising or (in this case) a way out of a court case. Any actual funds in a trust will OBVIOUSLY be used up in "admin" costs.
We know foundations like Big Gates etc are also a load of old toss, fantastic tax dodges but very little actually gets to the people claimed