top | item 43928319 (no title) freeamz | 9 months ago Foundation is a way to set a dynasty! Just look at all the robber baron foundations out there. discuss order hn newest RataNova|9 months ago Some foundations have been used that way, no doubt. But I think there's a difference between setting up a tax shelter with vague goals and actively committing to spend down the entire endowment in a specific timeframe freeamz|9 months ago True. Actively committing to spend down the entire endowment in a specific timeframe does not mean it is not used create a dynasty.In the 50's the Congress in US was getting suspicious about those foundations already. There were a investigation for it:https://en.wikipedia.org/wiki/United_States_House_Select_Com...
RataNova|9 months ago Some foundations have been used that way, no doubt. But I think there's a difference between setting up a tax shelter with vague goals and actively committing to spend down the entire endowment in a specific timeframe freeamz|9 months ago True. Actively committing to spend down the entire endowment in a specific timeframe does not mean it is not used create a dynasty.In the 50's the Congress in US was getting suspicious about those foundations already. There were a investigation for it:https://en.wikipedia.org/wiki/United_States_House_Select_Com...
freeamz|9 months ago True. Actively committing to spend down the entire endowment in a specific timeframe does not mean it is not used create a dynasty.In the 50's the Congress in US was getting suspicious about those foundations already. There were a investigation for it:https://en.wikipedia.org/wiki/United_States_House_Select_Com...
RataNova|9 months ago
freeamz|9 months ago
In the 50's the Congress in US was getting suspicious about those foundations already. There were a investigation for it:
https://en.wikipedia.org/wiki/United_States_House_Select_Com...