WSJ is biased in general but their reporting of tax loopholes here is legitimate. Avoids accumulated capital gains tax on all transferred assets. $18B in gross assets.
I am happy to hear counter arguments of how this is not a foundation based tax dodge / tax shelter.
That's more what Soros is doing.
Edit: since I'm being down voted to hell, here's my source
https://www.wsj.com/amp/articles/george-soros-transfers-18-b...
WSJ is biased in general but their reporting of tax loopholes here is legitimate. Avoids accumulated capital gains tax on all transferred assets. $18B in gross assets.
I am happy to hear counter arguments of how this is not a foundation based tax dodge / tax shelter.