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Technology Stocks : Intel Corporation (INTC)
INTC 37.83-4.3%Dec 12 3:59 PM EST
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To: carl a. mehr who wrote (131947)4/8/2001 2:34:49 AM
From: Jim McMannis  Read Replies (1) of 186894
 
Carl,
RE:"You just don't get it. There is simply nothing to dodge when you give everything away. Mr. Moore believes in a good education for his heirs, but money would only place them in the category of welfare recipients. I think that I have, more or less, correctly expressed this viewpoint".

Do you know the details of the foundation?
My point is that you can give it all away without forming a foundation? So why jump through the hoops?
Why Carl?
Lemmie guess, you found out that when you die the IRS takes about 55% of your estate. Then you found out that if you set up a trust or foundation you could avoid that by directing the income from your assets to a charity. Even throw some off to your heirs.
Their a lot of pitfalls in this, btw.

Jim
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