At 13:40 +0000 27/11/08, Thomas Dalton wrote:
Yeah but ... well, I'm not going to patronise you here... but it would be a bit boring if the only thing you could do with the money was to transfer it to the Foundation, wouldn't it? ;-)
It might also not look so good when you apply for tax exemption / deductibility (I don't know whether British authorities really scrutinize each applicant...but in Switzerland, something like this, viz. only spending money by forwarding, would be a major obstacle for the application to succeed).
Boring and illegal. We can't just donate money to the foundation. The trustees have been trusted with the money and they have to be the ones to decide what it gets spent on. We could probably give restricted donations for specific purposes, but not general donations.
OK.
Gordo