File 029282
Email from Jeffrey E. About Donor-Advised Funds and Philanthropic Strategy (File 029282)
Email to Reid Hoffman and Joi Ito discussing donor-advised funds as a mechanism for wealthy individuals to fund initiatives previously supported by government, including arts, climate science, and space exploration.
Summary
Jeffrey E. sends an email to Reid Hoffman and Joi Ito proposing donor-advised funds as an elegant charitable structure to address funding gaps from proposed government budget cuts. The email discusses how concentrated wealth in private hands presents an opportunity to establish quasi-governmental funding mechanisms similar to the National Endowment for the Arts, and suggests that wealthy entrepreneurs like Elon Musk and Jeff Bezos should mirror government programs with private philanthropic initiatives.
From: jeffrey E. [jeeyacation@gmail.com]Sent: 3/16/2017 11:26:44 AMTo: Reid Hoffman; Joi Itoa HUGE donor advised fund is an elegant solution to the cuts trump proposes to what some consider criticalprograms. you could organzie a huge public charity that would continue the work of many worthwhileorgs. not my thing but structurally beautiful. its the wealthiest now stepping into a quasi govtfunding. national endowment for arts. climate science. as extraordinary amounts of wealth have movedinto private hands. elons and jeff space goals should be mirrored with many other former govt ones. hopeto see you soonplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 029282