November 28, 2010
A Complex Giving Structure Enables Quiet Donations
Foster Friess, who earned a fortune as a mutual-fund manager, and his wife, Lynn, use a complicated structure for their philanthropy, and it is difficult to tell from public documents exactly how much they are giving away and to which charities.
The couple gives through personal funds, the Lynn and Foster Friess Family Foundation, the Community Foundation of Jackson Hole, and the National Christian Foundation. “We shift back and forth according to what makes the bureaucracy flow