Sole Voting Member:

Sole Voting Member: Elects Board of Directors E LL g. NewCo Public Charity 1.70(b)(1)(A)(vi) •• E W • BMGF administers affiliated NewCo. Elects board of NewCo, who can be BMGF employees, friendlies, and/or "blue ribbon". Recommend start with employees. • BMGF administers NewCo grantmaking alongside its own. • NewCo investment policy would mirror BMGF's (highly liquid) • NewCo could receive funds directly from donors not interested in a OAF • Distributions from DAFs to NewCo must be known and reliable to allow for BMGF planning Required distributions Existing "White Label" DAF Sponsoring Organization (e.g., NPT) White Label Elects Majority of Directors/BMGF Elects Minority Donor A OAF New OAF Sponsoring Organization Public Charity 1.70(b)(1)(A)(yi) o co 0 Donor C DAC Donor D DAF • Wh'te L bel administers affiliated organization dedicated to our donors. Our choice of branding. [At what cost?) [Consider single member LLC?) • Donors have advisory privileges over individual DAFs for (1) investment managers; (2) investments; and (3) charitable contributions within specified parameters • DAFs have an X% annual payout requirement, at least 60% of which must go to one or more silos at NewCo. Donor may select silos. Balance administered by White Label and distributed to donor causes as advised by donor. • Entity is not a supporting org. but would be similar EFTA01197414