[oldalum]

As you indicate, it doesn't prevent unjust self-enrichment, but does ameliorate it -- as the quote you've pasted indicates.

I'm afraid I still don't understand how the 5% requirement ameliorates paying board members and consultants too much money. In fact, in a way it encourages it because those payments count toward the 5%. The quote addresses preventing donors to the foundation from investing and amassing wealth without paying taxes, not how much it pays the board members and consultants. Haden apparently was not a donor, just a recipient!

Don't think the difference is important to the central point, which is that Haden siphoned off large amounts of money for himself and family that should have gone to support college scholarships. But Haden, great guy that he is, must have concluded the greater good was better served that way, probably based on the Haden trickle-down theory of utilitarianism.

[oldalum]

As you indicate, it doesn't prevent unjust self-enrichment, but does ameliorate it -- as the quote you've pasted indicates.

I'm afraid I still don't understand how the 5% requirement ameliorates paying board members and consultants too much money. In fact, in a way it encourages it because those payments count toward the 5%. The quote addresses preventing donors to the foundation from investing and amassing wealth without paying taxes, not how much it pays the board members and consultants. Haden apparently was not a donor, just a recipient!

Don't think the difference is important to the central point, which is that Haden siphoned off large amounts of money for himself and family that should have gone to support college scholarships. But Haden, great guy that he is, must have concluded the greater good was better served that way, probably based on the Haden trickle-down theory of utilitarianism.