Our new Philanthropy can also be carried out within the investment model. But unlike business as usual, our Kotlyar Foundation, the only charitable foundation in the world based solely on digital assets, does not have a primary goal of making a profit. Our main mission is selfless service to people, ensuring the public good and changing this world for the better.
But all sane philanthropists still earn money by legal methods, including:
- Tax deductions. This type of profit is more often received by business companies that donate funds to social needs. Individuals can also enjoy tax benefits.
- Investments, like shares, can also be donated by both companies and individuals. For investors, this is an attractive way to avoid capital gains taxes and receive a significant tax deduction.
- Example: (When Elon Musk reportedly saved over $4 billion in taxes by donating $5.7 billion in stock to an unnamed non-profit organization in 2022.)
- A non-profit organization will also never pay capital gains tax. She can take the shares and either sell them immediately and pay no taxes, or keep them, but she will never pay capital gains tax on the assessed value realized by the donor.
- Payment for work in the fund. Like regular institutions, charitable foundations require a staff of employees who receive an official salary.
- Production of goods and services by the charitable foundation. Foundations attract potential philanthropists by organizing events and lotteries, auctions, selling certain products, etc.
- Cultural events. At concerts and exhibitions with celebrity participation, people willingly respond to calls to donate money.
- Grants, donations and fundraising events. They come from governments, large companies and individuals. Charitable foundations apply for grants, listing what the money will be spent on.
- Donations are the most popular method of replenishing funds from governments, companies, rich and ordinary people or from long-term investments.
- Corporate sponsorship and partnership. This type of income primarily aims to help businesses gain brand exposure in exchange for providing income to nonprofits. As a result, the corporation wins the favor of society, and the non-profit organization receives the necessary income.
- Investments. Our foundation's charter states that we can make cost-effective and profitable investments in commercial projects and ventures.
- Now we are negotiating with states that are interested in improving and developing the banking sector and creating our digital banks based on blockchain technology and state guarantees. We have our own funds and cryptocurrency assets, various investment classifications. We can invest to increase long-term savings and strengthen our reserve funds.
We have a healthy and efficient philanthropic foundation that creates a diverse basket of income streams to fund its activities. Profiting from charity does not devalue the idea of donations. Our foundation has never stood and will never stand with an outstretched hand and a request for donations. On the contrary, legal methods of earning increase the popularity of all our charitable work and the activities of the foundation.
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