EFTA00370933.pdf

From: Sally Darby To: "Lesley Gore> Subject: FW: Donor vehicle Date: Wed, 16 Apr 2014 19:04:40 +0000 Hello there Lesley. Might Jeffrey be free on Friday (April 18) at 11.30am EST/8.30am PST for a call with Dick and Connie? Cheers, Sally From: Richard Henriques Sent: Wednesday, April 16, 2014 11:50 AM To: Sally Darby Subject: FW: Donor vehicle From: Jeffrey Epstein [ffigazypvararinneasmaitem] Sent: Wednesday, April 16, 2014 10:15 AM To: Richard Henriques Subject: Re: Donor vehide how about a call with you connie and team . at your convenience On Tue, Apr 15, 2014 at 11:29 AM, Richard Henriques wrote: The Gates Foundation has two entitles: one represents the operations of the foundation and the other holds the financial assets. We refer to the second entity as the "asset trust: From: Jeffrey Epstein (mallto:jeevacationeemailcomj Sent: Friday, April 11, 2014 4:19 PM To: Richard Henriques Subject: Re: Donor vehicle what asset trust? On Fri, Apr I I, 2014 at 3:03 PM, Richard Henriques < > wrote: Thought to keep it simple in the first email and sufficient to address the question. At this point, there is Just one other scenario which represents less control by the foundation, yet still consistent with the assumptions we have been discussing: New Non-Membership Public Chanty Serf-Perpetuating Public Board with &WE or BIN Controlled Subsidiary EiLIGF creaWs new Washrown stale ',anemiccorpora:on toga* as a pi06c chanty we tie IRS {NeiCo). NowCowoUd rme an nailer-dem board of dreciors (or carkl have a minorityof EiMGF board members). M a publicManly. NewCo cat sponsor0AF& Newt° creates new smiled liatilly company subsidiary. Though alxdy-owned by Ne*Co. be LLC woub be reneger-managed a rd BMGF woad sene as the manager. The LLC *obi Mkt al indsdonxed lo Nieto that are alkicated to MEE site. Newt° ha invests. debases. reports on. and calsenvere admnsters dsmx advised funds. LLC tolds. invests. disburses. reports on. and other* ise administers direct Ocnebans or &budges of :Angle DAFs with respect to 8114F silos. Primary Berlefes: Smara BMGF from adonstraton of DAFs: OAF investments not aggregaled win BLIGESill for securbes law purposes. EFTA00370933 Primary Challenges. Potential far LLC !eel 'moments m to aggregated ...on BMGE'Bil brseoraes law purposes; iderafying notemal board members: edema for dsagreement beteeen operation of Nese° and Lit and remove of BMGF as I_LC manager. (actives sta9ra and establishrg is own proxlIgei IO!admnsitaton at OAFs arC BM! site. From: Jeffrey Epstein [rnailtolnerncationagMAtISIXO) Sent Friday, Apri II, 2014 11:24 API To: Richard Henriques Subject Re: Donor vehicle i thought you had three proposals. ? On Fri, Apr 11, 2014 at 12:12 PM, Richard Henriques -. > wrote: Following up on our discussion Weds, below is a description of one of the structural scenarios we arc considering. This is clearly a work in progress and your input at this point would be very helpful. This scenario represents a structure with the highest degree of control for the foundation. A key question : Would the 10-12 potential clients you have in mind be comfortable with this approach? KM, °WC-GIMP: • Create a private donor yaws atermove to a private foundation Mal ad attract substanoal sums to solo global inequities that betted by a trusted mgenzabon wth deep expense in managing large. 'tea-facet.] philanthropic investmets in a strategc and messureatie way • Prcrade rraomum tax efficiency for donos and rrinimbe 'mad on kordabontassel bust payout aid exose tax (br these reasons. al yews presents] molve a cubic Chanty arel do not include gifts &eddy or indrecO, tone foundation or the asset trust) • Acccernodate donceadnsed finds. but stnxb.re kt BMGF control over debasement and management of bntls far select fcunlanon strategies tar `sibs') BMGF creates new Wastingbn state ronproft corporation lomat), as a pubic chanty with de IRS (henea). Asa pubic char% Reneecan sponsor DAEs. Ne.vCo nas !no classee of memberslm: MAGESSAI wit hold the menthershp interests wth wing nghts (comrdlng interest) and other bundacm or deems could be added as normal% mentors to crone a pant connection to the organizatin for nose stn are forested. BIAGESSAI. as the voting member. ties the ogle 13 appenflerreme al a a mainly of the board of dreclors. emciaita mid choose b annoy BAIGE personnel a ndeperclent drators (or a rrix). Rights could also rclude (I) aconyang the appointment of indmdials to cenam key management positions of NeeCo: and (a) annoy° the aural budget. BMGF odd make annual contributions to Ne*Co. Primary Benefits: Munro control over al aspects d the nth: hgh level of control aloes for more streamlined garemance angry donors/Mem advisory prnbeges for cnerall entity. nocpst de dory advised lurch easiest stnxb.re to gucle bs development and interacton aft BMGF programs ati to gel Programsinvested in supporting we) Mu expedite Primary Challenges Time to create a new legal entry an] seek IRS approval: aggregated secunbasrepaling vnti &KAMM appeal dam:owe say to poi/noel dorms: pcomal repura1a nets associate:lad Ix nun 'Muerte% members do not usualy new id.cary oats. but control always creates paternal rsk: requires staffing and establishing as am procedures fa admostraem of DAFs and BOO sloe The information contained in this communication is confidential. may be attorney-client privileged, may constitute inside infomtation, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return c-mail or by e-mail to jeevacationftmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00370934 The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by c-mail to jecvacationit)gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by c-mail to jervaratianiftmailsom, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00370935