[simfree]

There is a lot of money floating around major cities in the US. So many nonprofit entities are preserving some cultural niche thanks to their older patrons using their qualified minimum distribution to fund a long lasting endowment.

I feel like you see this less in other parts of the world where people don't have tens of thousands of dollars from their retirement savings that they have to take out each year, and they would rather give it tax free to their favorite nonprofit than take a haircut with taxes and then do nothing with the money

[queenkjuul]

You might be surprised at how much other countries invest tax revenue into cultural projects

[joe_mamba]

The difference is in other countries the government decides to invest their own citizens' tax revenue in whatever cultural projects they decide, versus in the US where individuals decide for themselves to do it.