Get a Tax Break Like a Billionaire on Your Political Donations

On Sept. 15, the left-leaning Patagonia founder Yvon Chouinard announced he is donating 98% of the company, a multibillion-dollar outdoor-apparel business, to a nonprofit group to address climate change.

In August, it was revealed that in 2020, right-leaning Chicago billionaire Barre Seid had donated 100% of the shares of his electrical device maker Tripp Lite to another nonprofit group to “maintain and expand human freedom.”

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