1, I feel that huge wealth does not have much effect on myself, and I hope to help others.
One of the most important starting points of charity is kindness. When they reach their level, they will realize that great wealth is just a number to them, but the cloud is not interested in money. It is better to help others than to own them. This is the idea of most rich people who are willing to do charity.
2. The proportion of inheritance tax in the United States is very high, and the proportion of their children is not much.
The United States will levy a 50% inheritance tax. It can be said that the more legacy left to children, the more money left to the rich. It is better to use this money for charity, so that the funds will belong to the foundation and there is no need to pay taxes. Moreover, the foundation can be left to future generations. On the one hand, it has established a good reputation for itself, on the other hand, it has passed the money on to future generations in another way.
Investing money in charitable foundations can also promote wealth appreciation.
Because according to American law, charitable foundations only need to spend 5% of their money every year, and the remaining 95% can be used for investment, which makes the funds continue to increase in value. So from this perspective, the proportion of money invested in charitable funds is higher than that directly invested, and the foundation can be handed over to future generations.
Therefore, rich Americans are keen on charity, not only because they want to do good deeds, but also because some people want to avoid inheritance tax. Do you think there are other reasons? Welcome to express your opinion in the comments section.