[Dangerous Doug]

Guys,

The basics behind a sustained foundation is to have a fund that is earning interest, and not to spend more than that interest is making. If the foundation is under construction, then the interest gain is directed toward building the $10M fund. Thus, the inflow/outflow question is a moot point.

The question should be how much of those assets are in investments that are generating money for the foundation and it's future recipients. While they build the foundation, outflows, I'm sure, are moderated. If assets are at $6.7M and the goal is $10M by Shelby's death (how old is he?), then I would think they are not burning money on extraordinary salaries. Keep those assets working.

If the goal is to have a $10M fund invested by the time he passes so that the annual interest on $10M can be used to benefit children in need of a heart transplant, what could be the fault in that?

Let those that are currently working their way up to a $10M foundation for ANY cause be the first to cast stones.

DD