Inaccuracy, Phrasing in Sun Article?
@MistyWaters sbm Not directing this at you, but jumping off your post (thank you very much
) to highlight a couple points in Dec 20, 2019 article.
1. Per article,* by making a pledge, Sherman's $$$ would go to the Giving Pledge, but per GP website, each person pledging chooses causes and charities individually; their $$$ is not donated to Gates' designated charity.*
By spending a few minutes on Google, reporter could have learned that ^ & given accurate info. Apparently did not.
From article: "
The initiative is designed to allow billionaires have their vast estates used to support projects they care about after their deaths."
2a. "Allow"? Is article suggesting, absent the Giving Pledge, Canadian billionaires are prohibited from supporting charities? IANACL (or even Canadian), but I doubt Canadian law prohibits this type of philanthropy. Seems
reporter meant to write
encourage, rather than allow.
2b. "After their deaths"? Like in a will, yes, maybe. Or a testamentary trust, yes. Or while alive, thru an inter-vivos gift, a trust, maybe a charitable income trust or a charitable remainder trust.
Seems reporter chose overly narrow phrasing, which gives incomplete picture. my2cts.
Just saying as we read, we should bear in mind even
MSM reporting may be less than 100% accurate or factual, and may have discrepancies of which reporters are unaware. Bless 'em, they are often, maybe always, on tight deadline, and just like any one of us, they do not know everything.
[[ Walks away from laptop, puts scissors back in drawer.
Enough hair-splitting for today.
]]
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* From article: "The initiative is designed to allow billionaires have their vast estates used to support projects they care about after their deaths. In the Sherman’s case, it would mean that the bulk of their estimated $5-billion estate would go The Giving Pledge and not to family members or designated beneficiaries as laid out in a last will and testament." bbm
From givingpledge.org: "Signatories pursue their philanthropy independently and give to a wide range of issues and causes. The Giving Pledge is not an oversight organization, nor is it a pooled fund. The Giving Pledge does not distribute funds, grants, or donations in any form."
See also The Giving Pledge - Wikipedia