To: From: Lesley Groff Sent: Mon 4/21/2014 12:05:25 PM Subject: Re: Donor vehicle Super flux Sent from my iPhonc On Apr 21, 2014, at 8:03 AM, Yes Sent from my iPhone On Apr 21, 2014, at 8:00 AM, Lesley Groff <lesley.jecagmail.com> wrote: Did this happen? Sent from my iPhone Begin forwarded message: From: Sally Darby Date: April 16, 2014, 3:04:40 PM EDT To: "Lesley Groff (lesleyjec@gmail com)" <lesley.jeeftmail.com> Subject: FW: Donor vehicle Hello there Lesley. Might Jeffrey be free on Friday (April 18) at 11.30am EST/8.30am PST for a call with Dick and Connie? Cheers, Sally From: Richard Henriques Sent: Wednesday, April 16, 2014 11:50 AM To: Sally Darby Subject: FW: Donor vehicle From: Jeffrey Epstein [mailto:wevacationgunail.com] rote: EFTA_R1_00724891 EFTA02107648 Sent: Wednesday, April 16, 2014 10:15 AM To: Richard Henriques Subject: Re: Donor vehicle how about a call with you connie and team . at your convenience On Tue A it 15 2014 at 11:29 AM Richard Henriques wrote: The Gates Foundation has two entities: one represents the operations of the foundation and the other holds the financial assets. We refer to the second entity as the "asset trust." From: Jeffrey Epstein [mailto:jeevacation@gmail.com] Sent: Friday, April 11, 20144:19 PM To: Richard Henriques Subject: Re: Donor vehicle what asset trust? On Fri, A r II, 2014 at 3:03 PM, Richard Henriques rote: Thought to keep it simple in the first email and sufficient to address the question. At this point, there is just one other scenario which represents less control by the foundation, yet still consistent with the assumptions we have been discussing: BMGF creates new Washington state nonprofit corporation to qualify as a public charity with the IRS (`NewCo']; NewC public charity, NewCo can sponsor OAFS. NewCo creates new limited liability company subsidiary. Though wholly-owned by NewCo, the LLC would be manager allocated to BMGF silos. NewCo holds, invests, disburses, reports on, and otherwise administers donor advised funds. LLC holds, invests, disburses, reports on, and otherwise administers direct donations or allocations of funds from the 0 Primary Benefits: Separates 8MGF from administration of DAFs; OAF investments not aggregated with BMGF/Bill fo Primary Challenges EFTA_R1_00724892 EFTA02107649