If you “inherit” a Charitable Foundation from your parents, is that just as good as inheriting the cash? Can you do anything through the Foundation?

Question

Many people seem to believe that “inheriting” e.g. The Gates Foundation is just as profitable as inheriting tens of billions in cash. My gut tells me that charitable law must be more complicated than that. What’s the truth?

In: 377

Answer 1

If I inherited 5B I would have 5B to spend, if I inherited a Foundation with 5B net worth I would have nothing to spend and nothing to gain since a foundation is a non profit organization

As others have pointed out, however, there are ways to make some of that money return to you but not much