When the Pohlads make a gift to their foundation, they are not making a gift to themselves. What they are doing is making a gift that is required to have charitable purposes. The strong economy of recent years has made this a particularly opportune time to gift appreciated assets, with donors receiving both the charitable deduction and the advantage of avoiding capital gains. It is true that a private foundation has the ability to make payments to employees, including its officers. According to the Foundation's 2018 Form 990, the total compensation paid by the Pohlad Family Foundation to officers was a little over $300K and to other employees a little over $400K, with a little over $100K in pension and other employee benefits. The only paid officer was the Susan Bass Roberts quoted in the news release. The foundation's highest-paid employee received just under $160K in salary and benefit, another around $130K, one at $90K and one at $70K. With total assets of $118 million at the end of 2018, these seem like fairly modest amounts to be paying to administer the foundation. As a public foundation, they are required to distribute at least five percent of their assets each year, but it appears they gifted close to 10 percent of their assets in 2018 and similar percentages in previous years. I'm impressed with the wide variety of causes and organizations they have supported, with gifts ranging from several hundred dollars to some six-figure gifts. A primary advantage of using a private foundation for generosity is that it allows a donor flexibility in the timing of their charitable distributions. For example, they may well have made their gifts into the foundation over a period of years, which gave them the opportunity to respond to a specific need at this time with a larger amount than they would want to do from current assets. Most of us will not have the resources to make it cost effective to go to the expense of setting up a private foundation, but many of us can use some of the same techniques with a tool known as a Donor Advised Fund. In my line of work, it is not unusual to see a farmer make a gift of highly appreciated land into a DAF. In gifting a parcel of farmland, for example, they can receive a sizable tax deduction, avoid capital gains, and fund their charitable intent for multiple years into the future. For others of us, gifting appreciated stock or mutual fund shares can make sense.