How do you turn a charitable donation into a scam? Take the donated item and sell it for a profit, instead of giving it to the needy. New York Attorney General Eric Schneiderman said his office has reached a settlement with a for-profit company accused of doing just that, by way of more than 1,100 clothing donation bins scattered throughout the New York City area. [More]
Blueprint for Financial Prosperity scrutinized the new IRS rules about charitable donations and found an important change.
A New Zealand investment banker has donated $47 mil to charity.