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Subject:  Charitable Foundation & investments Date:  12/6/1998  11:37 AM
Author:  Cschultz Number:  6794 of 123001

My husband and I are setting up a charitable foundation in which our investments can grow untaxed.
We are working with a lawyer,accountant and financial advisor to set this up. We would like to manage the investments if at all possible. Our plan is to contribute $100k per year out of our currently taxable account into the foundation for a total of $500k. Our strategy is to have 4 separate foolish 4 accounts in there, each purchased during a different quarter of each year, to be turned over as normal, each at the end of 1 year of holding. The last $100k could possibly be some blue chip companies. This foundation would probably need money taken each quarter when that particular fool 4 turned over, and put into a money market account in the foundation for expenses and donations. Our question is this..does this sound like a good portfolio strategy? Our financial planner is suggeesting that we farm out our money to 3 or 4 money managers that each specialize in a particular investment style