How Larry Ellison is focusing his philanthropic efforts on the Oxford-based, for-profit Ellison Institute of Technology, promising to spend £1B on the project
www.techmeme.com
From New York Times. View the full context on Techmeme.

New York Times: How Larry Ellison is focusing his philanthropic efforts on the Oxford-based, for-profit Ellison Institute of Technology, promising to spend £1B on the project  —  Oracle’s co-founder and the world’s second-richest person pledges to concentrate his vast resources on his own research institute …

  • rainwall@piefed.socialEnglish
    2·
    4 days ago

    Classic tax dodge. These “charities” are fully under the billionaires control. They can use the money they “donate” on luxury events/housing/services/etc for “fundraising” that they would otherwise have to pay for directly otherwise, after taxes.

    The owner of Patagonia did the same thing. Gave all his billions to a “charity” that his son runs.