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Germany has/had some old institutions [0] that work(ed) that way. The keyword is Stiftung [1]. There seems to be nothing comparable in the US though, and you do
by namibj 8y ago
Germany has/had some old institutions [0] that work(ed) that way. The keyword is Stiftung [1].
There seems to be nothing comparable in the US though, and you don't get a tax break for the donation, even though any business it conducts in the states is treated like a 501(c), provided it would be classified a 501(c) if it were a US based institution.
[0]: https://en.wikipedia.org/wiki/B%C3%BCrgerspital_zum_Heiligen_Geist https://en.wikipedia.org/wiki/B%C3%BCrgerspital_zum_Heiligen...
[1]: https://en.wikipedia.org/wiki/Stiftung https://en.wikipedia.org/wiki/Stiftung
- slededit 8y agoA number of funded charities are setup that way. Carnegie made many of them. Bill Gates is actually a bit unusual in terms of the ultra rich setting up foundations - most wanted their institutions to carry on indefinitely. However BillG is adament the money is spent completely shortly after his death as he doesn't feel the dead should control the future. https://en.wikipedia.org/wiki/Carnegie_Endowment_for_International_Peace https://en.wikipedia.org/wiki/Carnegie_Endowment_for_Interna... http://carnegieendowment.org/about/pdfs/carnegie_trusts.pdf http://carnegieendowment.org/about/pdfs/carnegie_trusts.pdf