RE: mark had no better place

http://www.washingtonpost.com/national/a-look-at-the-top-10-charitable-gifts-of- 2013/2014/01/01/85cbb01c-72d0-11e3-bc6b-712d770c3715_story.html

The Community Foundation is just like a DAF for Mark — he gets the tax benefit now in a more generous form and he is not subject to 5% minimum giving and he still controls the funds. It is smart for him to use this vehicle. I guess there are some minimums if you use this structure — I should understand that better.

They key thing we are talking about as I understand it is an easy way for people to give to high impact causes where we structure things for them. This is becoming clearer to me. We would have about 4 poor world health things, 1 poor world agriculture thing and 2 US education things that people could direct money to. If they commit in advance to give some minimum amounts to these things then they get our commitment to manage the funds. I am unclear of we are the actual DAF or we let them pick a DAF and just enter into a collaboration agreement.