A 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 founda

A 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