From: jeffrey E. <[email protected]> Sent: Monday, July 24, 2017 1:06 PM To: Leon Black https://www.irs.govicharitie.-non-profits/private-foundations/disqualified-persons <https://www.irs.govicharities-non- pro=its/private-foundations/disqualified-persons> I assume no one told=you that if your children control the clat they cant be part o= the private foundation. . who is going to do it? the kids will have no money from this for 15 or 20=years. no control? or little? if the art does not apprec=ate. THey get NOTHING. where rs the art kept. . now that it is a private foundation they cant keep=it in their houses did anyone provide spread sheet for you on=interst rates and needed returns for them to get anyting? art=valuation board of irs aside. many more issues bu= they are all emblematic of theory vs reality. Fire drill , still not done. nor agr=eements reviewed with a goal in mind. . your 1. 5 billion dollar note. gets transfered with no tax. . not paying tax is the goal . the CLATS involve monstrously complicated taxes to be pa=d, over time with the Gov't as your full partner. all silly, structured the way it is, by people with n= real life experience with large art oollections used . =div> please note The informat=on contained in this communication is confidential, may be attorney-cli=nt privileged, may constitute inside information, and is intended only =or the use of the addressee. It is the property of JEE Unauthoriz=d use, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this return e-mail o= by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies =hereof, including all attachments. copyright -all rights reserved </=iv> --001a114c8a3e0513cc05550fe07c-- conversation-id 36982 date-last-viewed 0 date-received 1500901554 flags 8590195713 gmail-label-ids 7 remote-id 733574 EFTA_R1_01877069 EFTA02642375