The bigger problem is that there are much or more of these fat cats that abuse their wealth than use it for good.
Only way to prevent people from deciding who gets their dollars is to abolish private property and let the state make all those decisions.
" - $73.34 billion in tax revenue was lost to the public in 2022 due to personal and corporate charitable deductions. - If we include just the little data we have about charitable bequests and the investments of charities themselves, the revenue loss is pushed up to roughly $111 billion. - And if we also include the capital gains revenue lost from the donation of appreciated assets, the true revenue costs of charity likely add up to several hundreds of billions of dollars each year."