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Ah, I see that my comment could be read that way. What I meant was the construct of donations for deductions and later benefit is what those foundations do.
by IncRnd 11y ago
Ah, I see that my comment could be read that way. What I meant was the construct of donations for deductions and later benefit is what those foundations do.
- ghaff 11y agoFurthermore, given enough money involved, there are a variety of advantages to creating an entity like a foundation. No, it won't cover clearly personal expenses like a mortgage; that would be clearly illegal. But it can write off salaries, travel, entertainment, etc. related to the operation of the foundation in a way that would be difficult for an individual.