EFTA01301097.pdf

From: Jeffrey Epstein < evacation mail.com> To: Jes Staley < :Erdoes. Mary r < CC: Boris Nikolic > Sent: 7/28/2011 12:41:41 AM Subject: outline Private Foundation gates /jpm Valuation for charitable deduction: closely held Cost Basis Fair Market Value stock s corp or c corp. or real estate„ Valuation of publicly traded securities Fair Market Value Fair Market Value 30% for cash, 50% for cash, Income tax deduction - 20% for appreciated 30% for appreciated percentage of AGI, with 5 year carry over assets assets Excise tax on investment Income 1-2% of income No excise tax takes money away Je will pay set up. Set up expense and operations from charity, jpm operations IRS approval process Time consuming none Annual distribution requirement 5% None need to hire , or use worlds best Investment options someone elses managers, silos. Preparation of tax returns, IRS compliance, Provided by jpm accounting, grants management, fiduciary Donor must arrange world s most oversight, legal and audit , trustees , estate for these services respected bank planning Donor has flexible *None - All options: information is Confidentiality Full recognition, publicly available via or partial, or full form 990-PF anonymity *Private foundations provide little confidentiality. . Today, anyone can access Guidestar (www.auidestar.orq) to gain information on any private foundation, including a scanned version of its 990-PF. Available information includes balance sheet detail (including investment holdings, a listing of directors (including contact information), every grant that is made (organization name and amount), and detail of administrative and investment management expenses. *********************************************************** 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 SDNY_GM_00078506 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00001633 EFTA_00188973 EFTA01301097 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 [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved SDNY_GM_00078507 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00001634 EFTA_00188974 EFTA01301098