There is an urgency to help in the wake of natural disasters, and substantial sums are raised by charitable crowdfunding sites. But there is little law, and even less guidance, around the tax consequences.
They provides tax benefits for both the donor and the organization.
Money managers have until the end of the year to pay taxes on fees they earned from investors in offshore funds and had deferred payment on.
His dream of using his fortune to fund scholarships appears to be in ruins.