There are certainly other things like 'in-kind' donations which may reduce tax obligations without necessarily providing a commensurate value, but putting money into bona fide charitable works are not among them.
There are certainly other things like 'in-kind' donations which may reduce tax obligations without necessarily providing a commensurate value, but putting money into bona fide charitable works are not among them.
That is one of my contentions. Although it is technically no longer his money, he still has a significant amount of control over how it is spent, and that money increases is political power and influence.
And it is not just Bill Gates and a foundation. If I donate $50 to a charity, it is unlikely I have any influence. It is truly not my money.
If however, I donate $50,000,000 to a charity, I exert a lot of control with that money. I can have a huge influence on the direction of the charity, and even likely get somebody fired or appointed to the board of directors.
I am not saying those donations should be illegal, just that we should see that it is different qualitively from a regular donation and not give it tax advantages.