Presumably the idea is that you can use that "donated" money to buy influence, e.g. buying your kids' way into fancy schools. I don't know whether $50k/year is enough to do that though.
now you’re talking, the other side of this is that this is just year 1
years 2 - n the tax exempt nonprofit account grows tax free, after its balance is large enough it can independently be an investor in VC/PE/Hedge Funds and have an infinite time horizon. just keep funding it until the homerun.
the same goes for the tax deferred retirement accounts, they are separate entities and can eventually become investors for higher risk higher growth things
they can be generational wealth things as well that allow for influence from your family, without the complications around ex-spouses, inheritance tax, cost basis adjustments, liability. just everything at your discretion while remaining judgement proof.
years 2 - n the tax exempt nonprofit account grows tax free, after its balance is large enough it can independently be an investor in VC/PE/Hedge Funds and have an infinite time horizon. just keep funding it until the homerun.
the same goes for the tax deferred retirement accounts, they are separate entities and can eventually become investors for higher risk higher growth things
they can be generational wealth things as well that allow for influence from your family, without the complications around ex-spouses, inheritance tax, cost basis adjustments, liability. just everything at your discretion while remaining judgement proof.