Epstein Secrets

not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan Chase 41 Co. of any of the matte's addressed herein or for the purpose of avoiding U.S. tax-related penalties. Each recipient of this presentation, and each age

re willing to assume the risks associated with it. JPMorgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1- 800.480.4

or all investors. The discussion of loans or other extensions of credit in this material is for illustrative purposes only. No commitment to lend by J.P. Morgan should be construed or implied. This material is distributed with the understanding that we are not rendering accounting, legal or tax advice. Estat

Private Bank Overview STRUCTURAL COMPARISON OF FORD AND GATES FOUNDATIONS J.P. Morgan EFTA00599046 Gates Foundation Private operating foundation Gates Foundation Governance Trustees and Co-Chairs • Bill Gates, tru

devotion to small grants. • Last year, Ford's assets fell 30 percent to 49.5 billion, yet it remains the country's second-largest foundation after the Gates Foundation. It has said it will increase its payout as a percentage of its assets this year and next. Ankles of Incorporation • The corporation is organized

re willing to assume the risks associated with it. JPMorgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1- 800.480.4

or all investors. The discussion of loans or other extensions of credit in this material is for illustrative purposes only. No commitment to lend by J.P. Morgan should be construed or implied. This material is distributed with the understanding that we are not rendering accounting, legal or tax advice. Estat

undation Timeline Not to exist in perpetuity. Goal is to spend all of its resources within 50 years after Bill and Melinda's Perpetual. deaths. Size Gates Foundation (grants): $29.9B.* Gates Foundation Trust (investments): 529.7B.* $10.4B.** Foundation Type Private operating foundation. Private non-operating

Proxy, and Membership. • As of January 1, 2009 (from 990-PF tax filing) • • As of September 30, 2009 (from 990.PF tax filing) Additional sources: Gatesfoundation.org, Fordfoundation.org EFTA00618103 Important information IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax a

t relationships • Over 160 years of experience underpins J.P. Morgan's fiduciary stewardship of client assets • The philanthropy experts serving J.P. Morgan's clients reflect a 50 year tradition of supporting client's philanthropic endeavors, distributing an average of S100MM annually from a base of $2B

onors with the Gates Foundation • Leverage the Gates Foundation's philanthropic expertise and execution on behalf of broader donor pool • Leverage J.P. Morgan's global reach, infrastructure investment management and individual wealth structuring capabilities • Create a structure for governance of individual

M-SDNY-00001662 EFTA_001 89002 EFTA01301116 Executive Summary Objectives • Enable collaboration of donors with the Gates Foundation • Leverage the Gates Foundation's philanthropic expertise and execution on behalf of broader donor pool • Leverage J.P. Morgan's global reach, infrastructure investment management a

Philanthropic Objectives Philanthropy: Case Study Ili= U.S. Individual IN $10Bn of restricted stock i ll $100MM annually for health Bill and Melinda Gates Foundation Adjust Strategy "t• Develop Strategy Measme Progress lk Make Grants The Philanthropy Centre at J.P. Morgan J.P Morgan U.S. Family 5300M

Morgan Chartable Giving Fund Donor J.P Morgan 11 EFTA_R1_02036120 EFTA02693059 The Gates & J.P. Morgan Charitable Giving Fund will benefit from J.P. Morgan's rich philanthropic history and resources J.P. Morgan The Philanthropy Centre • Diane Whitty, Co-head of the Centre • Jackie Elias, Co-head of the

onors with the Gates Foundation • Leverage the Gates Foundation's philanthropic expertise and execution on behalf of broader donor pool • Leverage J.P. Morgan's global reach, infrastructure investment management and individual wealth structuring capabilities • Create a structure for governance of individual

Morgan 2 EFTA_R 1_020361 1 1 EFTA02693050 Executive Summary Objectives • Enable collaboration of donors with the Gates Foundation • Leverage the Gates Foundation's philanthropic expertise and execution on behalf of broader donor pool • Leverage J.P. Morgan's global reach, infrastructure investment management a

l Assets S10Bn of restricted stock Philanthropic Objectives Philanthropy: S100MM annually for health S100MM Philanthropic Expertise Bill and Melinda Gates Foundation A Adjust Strategy The Phdanthropv Centre at J.P. Morgan J.P. Morgan Case Study 2: U.S. Family 4300MM of LP interest in a private equity fund

re willing to assume the risks associated with it. JPMorgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1- 800.480.4

or all investors. The discussion of loans or other extensions of credit in this material is for illustrative purposes only. No commitment to lend by J.P. Morgan should be construed or implied. This material is distributed with the understanding that we are not rendering accounting, legal or tax advice. Estat

undation Timeline Not to exist in perpetuity. Goal is to spend all of its resources within 50 years after Bill and Melinda's Perpetual. deaths. Size Gates Foundation (grants): 529.9B.* Gates Foundation Trust (investments): S29.78.* 510.4B.** Foundation Type Private operating foundation. Private non-operating

cate account number): • DB Group: Other Booking Center (Indicate DB location and account details): 2 Other Insbtution (Indicate name & location): JP.Morgan. New York, NY O Physical Deposit (specify cash, securities, cheques, ...): What is the expected size and frequency of regular Inflows and outflows

/ Beneficial's' Full POA IntermedioyShareholderetexesentative Donor (please of Wealth Founder of Owner POA (Flm) (>=25%) 1esorte requted Parties Foundation Non-PIC (Indicate Y Dther roles and/or ndicate related to this account ownership %) relationship Sehyeen ,times) 1 O 0 lndDarren yke

f, or be relied an in connection with, any contract or commitment or investment decision whatsoever. This Company has retained J.P. Morgan Limited ('J.P. Morgan') to act as its financial adviser in connection with the investment opportunity contained herein (the 'Opportunity"). This Presentation is being made

and at SG Warburg & Co. • Sally holds a degree in Politics from the University of Durham and is Co-Chair of Tommy's The Baby Charity. a trustee of The STARS Foundation and a governor of Sherborne School for Girls Kleinwort Benson Investors Dublin • Mr Ha'Mcshaw has been working in the asset management industry fo

re Winnipeg Andre Desmarais Power Corporation of Canada Montre=al, Quebec John M. Deutch Mass. Institute of Technology Cambridge, Mass. Jamie Dimon JP Morgan Chase & Co. New York, N.Y. Peter C. Dobell Parliamentary Centre Ottawa, Ontario Wendy K Dobson University of Toronto Toronto Kenneth M. Duberstein The Duberst

Washington, =.C. Alan R. Batkin Eton Park Capital Management New York, N.Y. Lael Brainard The Brookings Institution Washington, D.C. Doug Bereuter The Asia Foundation San Francisco. EFTA_R1_01549717 EFTA02450724 C. Fred Bergsten Peterson Institute for Intl Economics W=shington, D.C. Catherine Bertini Syracuse

invested Slim at a valuation of 5204m. Other investors in the round included Kleiner Perkins, Google Ventures, Roche and Labcorp. In September 2013, J.P. Morgan and Goldman Sachs led the IPO of Foundation Medicine. As of 240, January 2014, Foundation Medicine had a market capitalization of 5900m. 23andme 2

cipients; DST technology investment team, and; entities associated with our anchor investor Bill Gates, such as Bill Gates Ventures and the Bill and Melinda Gates Foundation. We are in the process of entering into an agreement with illumine, the leading DNA sequencing vendor globally, that would provide us unique access