The other kind of trust fund hipsters?
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 …
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 12th April 2017 13:02 GMT Flakk
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