Google Billionaire Larry Page’s $400 Million ‘Philanthropic Sleight of Hand’ Raises Questions About Charity Loophole

Google co-founder and billionaire Larry Page is the subject of a report Wednesday from tech journal ReCode which shows how the Silicon Valley super-rich use workarounds in managing their private foundations that avoid direct contributions to actual charities. 

Page’s Carl Victor Page Memorial Foundation pushed around $400 million in publicly announced Christmastime donations between 2015 and 2017, but none of it reportedly went directly to charity.

“This a very bad look for Larry Page,” tweeted National Committee for Responsive Philanthropy researcher Ryan Schlegel.

Read the entire article in Common Dreams.