Beyond that warm-and-fuzzy feeling of giving to those who are needy or suffering, celebrities receive a far better return by being charitable than if they avoid such events. These Los Angeles stars get image boosts, make connections and receive charitable tax deductions that help seriously lower their AGI come tax time.
The Beverly Hilton's International Ballroom will soon be filled with flowers, chiffon, fine china and crystal stemware for a starry black-tie ball costing couples as much as $20,000 to attend. Guests such as George Clooney, Quincy Jones, Jane Fonda and Magic Johnson will mingle with business and community leaders and maybe bid on the new Mercedes-Benz offered in the silent auction.
And it's all for charity. Or is it? Swanky, star-studded galas like Saturday's 26th Carousel of Hope in Beverly Hills and Alicia Keys' annual Black Ball next month at New York's Hammerstein Ballroom are stalwarts in the world of nonprofits. Yet for many guests, the benefits can far exceed the benevolence.