True. Actively committing to spend down the entire endowment in a specific timeframe does not mean it is not used create a dynasty. In the 50's the Congress in

True. Actively committing to spend down the entire endowment in a specific timeframe does not mean it is not used create a dynasty. In the 50's the Congress in US was getting suspicious about those foundations already. There were a investigation for it: https://en.wikipedia.org/wiki/United_States_House_Select_Committee_to_Investigate_Tax-Exempt_Foundations_and_Comparable_Organizations https://en.wikipedia.org/wiki/United_States_House_Select_Com...