Gary Michelson - Why does he have these foundations that just donate a little money?

Gary Michelson started his foundations below. My question is "why?" He initially funded these with a little of his own money. He hired employees to run his own programs to help animals, medical research and students. Now he is asking for donations, book fees, seminar fees, event fees and he's selling cat and dog products. On top of this he is using the foundation money to donate to other groups which are doing their projects and programs.

What is the purpose of the foundations besides tax evasion? Gary likes to say giving money to non-profits for the arts is tax evasion. It seems the purpose of the foundations is holding money, stocks, bonds and not having to pay tax on the interest, dividends and such. Why is he wasting money on employees, office space when he is just giving money to other non-profits who have their own employees and office space who actually do the work? He could have this Brian Chase, Burton Mitchell guy do that from his current office. More money would actually go to charity that way.


Entity Name: FOUND ANIMALS FOUNDATION, INC.
Entity Number: C2813135
Date Filed: 12/14/2005
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: PO BOX 66370
Entity City, State, Zip: LOS ANGELES CA 90066
Agent for Service of Process: BRIAN CHASE
Agent Address: 4079B REDWOOD AVENUE
Agent City, State, Zip: LOS ANGELES CA 90066

Entity Name: MICHELSON MEDICAL RESEARCH FOUNDATION, INC.
Entity Number: C1951197
Date Filed: 10/17/1995
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 11755 WILSHIRE BLVD. SUITE 1400
Entity City, State, Zip: LOS ANGELES CA 90025
Agent for Service of Process: BURTON A. MITCHELL
Agent Address: 1900 AVENUE OF THE STARS, 7TH FLOOR
Agent City, State, Zip: LOS ANGELES CA 90067


Entity Name: TWENTY MILLION MINDS, INC.
Entity Number: C3301200
Date Filed: 06/01/2010
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 11755 WILSHIRE BLVD, SUITE 1400
Entity City, State, Zip: LOS ANGELES CA 90025
Agent for Service of Process: BURTON A MITCHELL
Agent Address: 1900 AVENUE OF THE STARS, 7TH FLOOR
Agent City, State, Zip: LOS ANGELES CA 90067

And his personal LLC's which he uses to control his own assets. These are not corporations but his personal holding companies. One of his accountants was so stupid that he paid Los Angeles business tax when this is not a business but a personal fund. What's odd is Gary Michelson made websites for his funds proudly announcing how well he is doing in teak farms. He advertises like he wants to get others to invest money with him. He has employees and office space for these holding companies.

Entity Name: KARLIN ASSET MANAGEMENT, INC.
Entity Number: C2756057
Date Filed: 07/07/2005
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 11755 WILSHIRE BLVD STE 1400
Entity City, State, Zip: LOS ANGELES CA 90025
Agent for Service of Process: BURTON A MITCHELL
Agent Address: 1900 AVENUE OF THE STARS 7TH FLOOR
Agent City, State, Zip: LOS ANGELES CA 90067

Entity Name: KARLIN OPPORTUNITY FUND, LLC
Entity Number: 200919710232
Date Filed: 07/15/2009
Status: ACTIVE
Jurisdiction: DELAWARE
Entity Address: 11755 WILSHIRE BLVD STE 1400
Entity City, State, Zip: LOS ANGELES CA 90025
Agent for Service of Process: BURTON A MITCHELL
Agent Address: 1900 AVENUE OF THE STARS 7TH FL
Agent City, State, Zip: LOS ANGELES CA 90067


Entity Name: KARLIN REAL ESTATE, LLC
Entity Number: 200835710054
Date Filed: 12/19/2008
Status: ACTIVE
Jurisdiction: DELAWARE
Entity Address: 11755 WILSHIRE BLVD STE 1600
Entity City, State, Zip: LOS ANGELES CA 90025
Agent for Service of Process: BURTON A MITCHELL
Agent Address: 1900 AVE OF THE STARS 7TH FL
Agent City, State, Zip: LOS ANGELES CA 90067


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