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?

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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?

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Anonymous 0 Comments

Actually it depends on the charity but it is not the same as cash. If you inherit a legitimate foundation, you probably will make little money by comparison with coming from a family and working in business.

Charities are not normal companies and they have tax regulations and a board of directors that might not approve you as a CEO.

A Charity is not cash. The many people you quote are ill informed at best.

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