"Over the weekend, ABC News, a subsidiary of Disney, agreed to donate $15 million to a registered charity associated with Donald Trump's presidential "foundation and museum."

In return, the corporation not only curries favor with the president-elect, but also will see him drop his defamation lawsuit against them

The settlement includes a specific provision ensuring that the monies will be held in escrow until the IRS has officially recognized the museum as a 501(c)(3) charity.

Zoom in: Elon Musk, a sophisticated navigator of the nonprofit landscape, transferred more than 5 million Tesla shares to his personal foundation in 2021, thereby reducing a tax bill he had estimated at more than $11 billion."

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