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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Why does Gary Michelson advertise his own real estate holding company as a business?

Dr. Gary Michelson is Karlin Real Estate, Karlin Asset Management. They are his holding companies. The people who work for Karlin Real Estate work for him. Why does he have a website bragging about his people, services and return on his own investment? Is he trying to solicit new investors, clients? Or is he just bragging about his accomplishments for no reason? Is he trying to get people to offer him real estate?

I remember seeing Gary receive a business license tax refund because these companies were his private holding companies. They weren't a business. Why is he advertising as if he were a business? Is this for David Cohen's ego?

http://www.karlinre.com/

He has has a venture capital fund. He's looking to invest $100K to $1.5M in business ideas.
http://www.karlinvc.com

Out of one side of Gary Michelson's mouth he said he got swindled in teak farms in Costa Rica. Out of the other side of his mouth he brags that he made a bundle in teak farms in Costa Rica. Which is it?

As I now look at the lawsuit and criminal charges against Philip Powers I don't think Gary has a case. He had real estate appraisers, real estate lawyers look at the teak farm properties before he bought them. Then Gary Michelson bought they for an agreed upon price. Gary Michelson made a lot of money on the deals. He didn't lose money, no money was stolen. If Karlin Real Estate and Karlin Asset Mgmt were that experienced, knowledgeable, how did Gary Michelson come to feel cheated? Did his advisors do a bad job? Maybe Gary sued Powers because he found out Powers made a profit. He probably got mad at David Cohen who then blamed Powers and Campbell.

I don't trust that supposed "agreement" which calls for six percent commission. That's not how things work in Costa Rica. I know because I helped a friend with some real estate issues in Belize. It's a completely different world. There is no MLS or easy escrows.

I also don't trust it because Gary spelled his last name as "Michaelson" and not "Michelson." What is Gary's real last name? Is "Michaelson" just a spelling, typographical error? I know with my name people generally misspell it "Cummings." Some people even misspell my first name "Marie" or "Marilyn." I have never misspelled my own name yet Gary in his own handwriting printed his name wrong.

In the appeal case Gary Michelson tried to argue "loss of a bargain." I think that's what he's trying to argue in the CA civil fraud case with the teak farms. Powers bought a piece of property. He spent money and time to clear liens, secure title so it would fit Gary's needs. He offered it to Gary at a certain price. Gary and his experts agreed and bought the property. Now Gary wants any profit Powers might have made. Powers is a land dealer. That's what he does. Gary lost the appeal case for this exact same reason. If Powers had an attorney, he could have argued this but he didn't. Powers needs to appeal the CA case but he can't afford an attorney. I am happy that I was able to write my own appeal in the Texas case. Otherwise I would have been screwed like Powers.