Plutocracy

Private foundations are currently allowed to make grants to donor-advised funds, or DAFs, and to count those grants toward their charitable distribution requirement of 5 percent of their assets each year.

But who set the stage for that billionaire?

Every year, wealthy donors divert more money into intermediaries, drying up the river of donations meant for working charities. We can change that.

We’ll never, as a nation, take on the ultra-rich if millions of Americans identify with them.