Overall, they have given. · john arnold and his wife laura are billionaire philanthropists who are sick and tired of other wealthy people taking advantage of a controversial tax loophole that allows donors to stash. · laura and john arnold have donated an estimated $2. 07 billion (£1. 6bn) to charitable causes to date, including $204m (£153m) in the 12 months to february this year. In 2019, arnold spoke out against donor-advised funds (daf), criticizing them for delaying charitable giving and promoting giving to institutions that are less likely to need the money. · billionaire philanthropists john and laura arnold have made fiscal responsibility a signature cause, going so far as to release a 20-step plan for the us to save up to $4 trillion. The funds have exploded. · arnold entered the investment industry out of college by working for enron, the infamous natural gas conglomerate that collapsed in 2001 following revelations of its vast accounting fraud. ( arnold was not involved in the fraud. ) he reportedly earned the company $750 million the year enron collapsed. · a bipartisan group of lawmakers, frustrated by the pace of charitable giving, is pushing legislation that includes a 15-year limit on tax -deductible dollars in the funds. · billionaire philanthropist john arnold said donor-advised funds are hoarding more than $100 billion in charitable gifts that should be going to communities in need.
