How Do You Tell The Difference Between Philanthropy And A Tax Write-Off?

There’s Eli Broad’s new museum in Los Angeles. Paul Allen’s soon-to-open nonprofit exhibition space in Seattle. The sale by Audey Irmas – her foundation, to be precvise – of her Cy Twombly blackboard. “How can anyone from the outside tell the difference between a collector’s cultural philanthropy and his personal tax strategy?”