Originally posted by: MadPeriot
Originally posted by: Eli
If I made 400k a year I would start my own foundation and donate 300k a year to it.
wow...I admire your humanitarian mind.
I never said what the purpose of the foundation would be.
But that's the general idea I guess.. It would support all kinds of causes.
Originally posted by: sheik124
Originally posted by: Eli
If I made 400k a year I would start my own foundation and donate 300k a year to it.
as in the Eli Foundation (money ends up coming right back to you) or you'd be generous and make a charity that you donated 300k a year to
Yes, the money would technically come back to me... But it would still be going towards various purposes as my foundation saw fit.
Much like the Bill & Melinda Gates Foundation, I suppose.
I wasn't trying to be sneaky and avoid taxes or anything(If that would even work), it is truely what I would do.
Of course, if I really did make that much.. my perception would probably change, and thus I wouldn't have 300k to spare every year.. but I think I would at least try.
It takes a certain kind of person to become rich and truely remain the same. I doubt that's me. But I doubt I would become a snob.