I see one of the main systemic issues with philanthropic foundations existing in perpetuity is that they employ a large group of people with essentially no fina

I see one of the main systemic issues with philanthropic foundations existing in perpetuity is that they employ a large group of people with essentially no financial incentives to spend the managed money properly, likely increasing over time as the board gradually becomes removed from whatever good intentions and directions the founders had (if they were ever anything other than a tax strategy to begin with). So essentially you end up with a bunch of non-productive white collar jobs parasitizing some managed fund as long as it exists.