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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (36202)	11/13/1998 6:40:00 PM
From: Ilaine	Read Replies (2) \| Respond to of 132070

Tip, the shares are held indirectly, which means via something like a a corporation, a foundation or a trust. I assume that, if Moore likes to donate to charities, the shares are being held in a foundation or trust. To satisfy IRS requirements, at least, a donation of property to a foundation or trust must be irrevocable, and the donor cannot retain a beneficial interest in the donated property. I am assuming that Moore retains control of the shares, but he can't benefit from them, the benefit goes to the trust or foundation. I base my assumption on the following: on October 30, 1998, the Moore Family Foundation sold 100,000 shares: biz.yahoo.com Coincidence? I think not. CobaltBlue