can he spend that foundation money any way he wants
Yes and No. Yes, he can make the decisions. No, the purpose is somewhat limited.
But since he created this foundation and defined it’s purpose, it will always do what he wanted to do anyway.
instead of spending his personal money?
Above some certain level, your personal expenses simply don’t matter anymore. You can throw money around all day long, but you cannot become poor again.
Yes and No. Yes, he can make the decisions. No, the purpose is somewhat limited.
But since he created this foundation and defined it’s purpose, it will always do what he wanted to do anyway.
Above some certain level, your personal expenses simply don’t matter anymore. You can throw money around all day long, but you cannot become poor again.