EFTA00371015.pdf

From: To: Subject: Re: Donor vehicle Date: Mon, 21 Apr 2014 12:03:43 +0000 Yes Sent from my iPhone On Apr 21, 2014, at 8:00 AM, Did this happen? Sent from my iPhonc Begin forwarded message: From: Sally Darby <I Date: A ril 16. 2014.3:04:40 PM EDT To: " " Subject: VW: Donor vehicle Hello there Lesley. wrote: Might Jeffrey be free on Friday (Apnl 18) at 11.30am EST/8.30am PST for a call with Dick and Connie? Cheers, Sally From: Richard Henriques Sent: Wedmsday, Apri 16, 2014 11:50 AN To: Sally Darby Subject: Fly: Donor vehicle From: Jeffrey El:steel Imap;jerivarationagmailmm] Sent: Wednesday, Apri 16, 2014 10:15 Ahl To: Richard Henriques Subject: Re: Donor vehicle how about a call with you conic 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 imailtorevacatinnteogrnail gom) Sent: Friday, April 11, 2014 4:19 PM To: Richard Henriques Subject: Re: Donor vehicle what asset trust? On Fri, Apr 11, 2014 at 3:03 PM, Richard Henriques < 5 wrote: Thought to keep it simple in the first email and suffklent to address the question. At this pone, there is Just one other scenario which represents less control by the foundation, yet still consistent with the assumptions we have been discussing: ;Oa 841GF creates new Waging:on slate nonprollonoralkn to wally as a park Manly Mb Me IRS (IslesCol NewCo would fare an ndeperdent board of dreclors(or could have a meaty of 8MGF board members). As a pubic chanty NewCo can sponsor DAFs. NewCo creates newlimited lobby . company subsdery. Though sly:flyowned by Nest*. the LLC would be reneger-managed and 8IAGF weld serve as me reneger. The LLC would hod at finds dcoared to Nese° that are alocated to BIAGF sibs. NesCo hcids. invests. &buses. reparts cn. and Menne admnsters donor advised funds. LLC roll. invests. &stones. reports on. and Mune admonishes direct da atansorelecalbns of finds from the DAFs with respect to BMGF sloe. Primary Benefits: Separates IMIGF from admnstracn of DAFs. OAF investments notsegregated vim 81AGESO for securbes LIA' purposes. Primary Challenges. Paternal for LLC level trnestments tote aggregated with BIAGREtil brseorees law purposes; iderching went's' board menters. potemel br Osagreemert between op:taboo of NesCo and LLC and removal of 131/CF as LLC manager. requires stating and establishingits own proced3res br annetraton of DAFs and 8GMF site. EFTA00371015 From: Jeffrey Epstein [mailtexpevacationegmaii.coml Sent Friday, Apo' 11, 2014 11:24 AN To: Richard Henriques Subject Re: Donor vehicie 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? Kay OBJECTIVES: • Create a prorate dolor %mitt dternalve roa pnvate fourclabon Mal wit attract substantial sums to solve global Inequitiesthat is basted by a trusted cigemzeban wth deep expertise managrg large. mAiaceted Oland/topic neesbnents ma seategc and measureahle nay • Provide ~mum lax eflbency fordonssand rnnimne impact on foundation/asset trust payout and excee tax (for these reasons. al *cos presented kolve a pubic chatty ard do nix «lade vim Mealy or (Areal, to the foosclaban or the ant) • Acccomodatedononadased hods. but snare for BLIGF control oar debiserreof and management U 5.nds for select fou,Jetnn strategies our 'silos.) URGE creates new Washopan stale nonprcdt ccrporatbn to guilty as a potec chanty WS, te IRS enienCo"). Ma public *ray. NewCo can sponsor DAFs. gene° has two classes of membersho BUGFAMAI nil hold the membership interests wtn votrg oche; (contrdlrg interest) and other burdatas or donors could be added as nonvoting members to provide a greats connecbon to the orgardation ta dose nto are interested. BAIGFiEtåld as the voting member. kasha n to apponsterrove al or a maprity et the board ordregion. BAIGFiBeld mud choose la word SAME parsond or independent direct* (ore nxg. Rghts could also Su% fi)approvIng the accent:non 01 n:Irnduals lo cellan key management cos/loonsof Nemeo: and (g approvrg the amual budget. BkIGF card make annual ccorioutens to Mimeo. Primary Benefits: Wixom control ow at aspects of the enety: high level of corbel atoms for more sUeamloned commence. can give donorsecchers achnory prmkges lor overall ably. not Just the dcoor &hosed funds: easest stricture togs& Is devapmen an] illefEKSPleel BUGF programs and lo get prcgrams invested on supporong win their expertise Primary Challenges: Time tocreale a nee iegai ere/ and seek IRS approval: aggtegeted sewnbes re9011110 WEI emcFisam. epees eta Garen* BABY to Petered ncoaro: KeSSIBI rePlabanal asks aSS3Bal with 100 freClInlikepre.: members do nr usuaty nave 6dUCeIV ones. but C011bti BMA creates paternal ng: requires staffing and establgong an prccedums for BEIMAISICEOlof DAFs and 801* sloe 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 c-mail or by e-mail to jecvacationg gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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 email or by e-mail to jernration@gmalcom, 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 EFTA00371016 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 e-mail to jrevarationAgmacco, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00371017