Take the point of view of the marginal corporate or family foundation donor in that structure. “What will my $1M go towards?” The answer won’t be “a million do

Take the point of view of the marginal corporate or family foundation donor in that structure. “What will my $1M go towards?” The answer won’t be “a million dollars more programming [what the charity is setup to do]” but instead “a million more dollars for the executive team”. Compensation for charity execs is necessary and proper. What matters is how much funding can go to the charitable program work in the end.