In fact, if I understand the rules, a $17 billion foundation will have to give away roughly $170 million per quarter and, in today's market and economy, ought to have considerably more than that to spend, even after hedging against inflation.
A foundation would not only have to give away $170 million every quarter, but also still have much more to spend after that.
A foundation worth $170 billion would not have to spend a dime.
The payroll system is infallible and never makes mistaken payments.
Someone is skiing
The backdrop is green mountains, while tall palm trees dwarf the few buildings.
Heritage assets are usually not reported.
The man is looking at the newspaper.
A dog is chasing a cat