This part 1 of a two-part series on philanthropy. Today we consider the ways that charitable foundations can be twisted into being tax loopholes for the super-rich while still allowing the wealthy to use 95% of the foundation’s holdings to invest in stocks that profit them personally. Part 2 will be about the benefits of philanthropy which can be huge, but the downside of our tax structure that punishes people for being poor and rewards people for being rich deserves our attention.