EFTA01188054.pdf

From: Juliana Minsky To: [email protected] Cc: Marvin Minsk , Margaret Minsky , Gloria Rudisch Minsky Subject: Minsky foundation questions Date: Tue, 25 Feb 2014 17:13:47 +0000 Attachments: MinskyFoundation.docx Dear Jeffrey, My folks said you could take a look at the attached draft of a trust formation. The BBVA Foundation which is awarding the prize money is able to split the distribution of the money between a personal distribution and a distribution directly to a foundation/trust, but any money going into the foundation is considered a donation from/on behalf of Marvin. So he is considered the donor not them.. They have made that 100% clear. My folks said you thought it might be advantageous to put all of the prize into a foundation, but our concern is how Marvin that would accomplish his goals of retaining some of the prize money for personal use. Could any of his salary as a researcher be taken through a nonprofit structure and would there be any tax advantage to that, etc. .I'm not what other questions to ask but we look forward to your thoughts about this. Thank you, -Julie Minsk EFTA01188054