According to news reports, Warren Buffett is planning to donate about $1.36B per year to the Gates Foundation
formatting link
Quoting from the above link:The money from Buffett, 75, comes with a significant catch. The letter says Buffett wants all his money to be distributed in the year it is donated, not added to the foundation's assets for future giving. The foundation gave away $1.36 billion in
2005, so the Buffett commitment would effectively double its spending.
Question: Doesn't the condition as to when the money is distributed constitute a restriction and preclude the donation from being a charitable give? I thought that was the rule. How does he get around it?
>
>
>
>
>
>
>