I bet they will get money from the foundation. This way it looks like he’s giving it all away, but not really.
And this is how it's done:
An explanation of the purpose of foundations from the godfather of foundations https://www.rockpa.org/guide/impact-investing-introduction/
…Impact investments are defined as investments made into companies, organizations, and funds with the intention to generate social or environmental impact alongside a financial return.
While this definition leaves room for a broad set of investments, two key elements should be present: intentionality and measurement. The investor’s intention should include some element of both social impact and financial return. And while there is more consensus on metrics for financial return on investment (ROI), an impact investor should also aim to measure the social impact. In essence, all investments make an impact on society; some positive, some negative. Impact investors intentionally pursue investments that lead to measured positive social impact (for the purposes of this guide, we include environmental impact in the broader header of social impact).
Otherwise recognized as the covert tool of transforming free people into slaves without them recognizing it has happened UNtil it is too late.
…impact investing provides a tool for achieving social good with a wider array of assets than a traditional philanthropy. Private foundations in the U.S., for example, can achieve social good with not only their 5% required annual payout, but also with the 95% endowment corpus that remains invested. To put this in perspective, U.S. foundations make annual grants totaling $60 billion, while holding assets totaling $865 billion…
Smelling a hostile takeover yet?