America's Road to Fame

Chapter 209 Caitlin Foundation
Of course, Chen William and Fan Bingbing's refutation of rumors, those who don't believe it will never believe it, and those who believe it can find reasons to choose to believe it.

For example, people who doubt it will find that Fan Bingbing went to France to participate in the fashion show, the brand is Hermès, which is now owned by William Chen.

And it seems that a rich man like William Chen doesn't need to go out of his way to meet a star like Fan Bingbing just to invest in her studio...

But fans are like that, they can convince themselves to believe if they have a reason.Just like those NC fans who have collapsed houses, even if you put the real hammer in front of him, he will say that everything is fake, believe it or not, don't believe it.

Therefore, as it is now, it is nothing more than fanning up Fan Bingbing's popularity. As long as the reporter does not capture conclusive evidence, she can still deny the relationship between the two.

But these are all effective for the public, for Paris, it is still unclear what is involved.

So saying such things to William Chen at this time is already expressing her dissatisfaction.

William Chen: The weather is so nice today hahaha.

But no matter what, Paris was very happy when she knew the reason William Chen took her to see Uncle Tom today.

She also understands that Uncle Tom is already like a family member in William Chen's heart, so meeting like this today is still very important.

This was the first time Uncle Tom introduced his girlfriend to William Chen. On such an occasion, William Chen chose to take her with him, which also showed the status of Paris in his heart.

In fact, Paris also knew that William Chen was surrounded by many women, but among these people, the one she felt most threatening was Ivanta.

If Chen William finally chooses a person to officially enter the marriage, Paris thinks that at present, it will definitely only be one of her and Ivanta, so as long as she can defeat Ivanta, it will be the most fulfilling for her things.

Uncle Tom's girlfriend is called Kristen Davis, who has short shoulder-length hair and looks very temperamental.

She is the editor-in-chief of a fashion magazine, and Paris has a lot to talk about, and the two seem to have a good chat.

The dinner was held at Uncle Tom's house. After dinner, William Chen and Uncle Tom came to his study.

"It looks like you have something to say to me."

Uncle Tom looked at Chen William's slightly surprised expression, and said:
"I watched you grow up, and I can't hide your expression, William."

"That's right, Uncle Tom..."

William Chen told Tom what his assistant Kevin told him after talking to John Drey that day.

To put it simply, Chen William made a huge amount of wealth through short selling during the subprime mortgage crisis. This matter will be known to everyone over time. Although these gains were obtained through legal means, they are too eye-catching after all. It is easy to be criticized by others, thus inciting the public's hatred of the rich.

Therefore, for these aspects, the suggestion given by the Drey family is to let him take the initiative in public opinion through two aspects.

First, the biggest headache for the American government is the destruction of the financial system. Now all the banks are dying and hope to get the government's rescue.

Originally, the Ministry of Finance and the Federal Reserve did not want to provide relief through direct capital injection or loans, but the chain reaction caused by the bankruptcy of Lehman Brothers made them have to treat it with caution.

Therefore, if a part of the capital can be used to participate in the bailout process, not only will the government be well-liked, but it will also be able to take advantage of this opportunity to buy the bottom line and gain some financial discourse power.

After all, the subprime mortgage crisis will always pass, and after that, the financial industry will gradually recover.It's just that the investment target needs to be carefully selected, otherwise, if the bank participating in the rescue eventually fails, the invested funds will be in vain.

If the above measures are to obtain official recognition, then the second measure is to reduce the public's negative perception of his wealth through donations.

Of course, it is not a simple donation, but a charitable foundation controlled by William Chen through the establishment of a trust fund.

As we all know, many wealthy people in the United States handle their accumulated wealth in this way.Since everyone chooses this method to manage their wealth without exception, it can only show that there are many benefits to using this method.

There are many benefits of foundations, including being able to avoid most taxes and earning a good reputation. Most importantly, the control of charitable foundations can always be in the hands of family descendants, allowing them to enjoy the influence of these wealth and Get a high salary, protect the lives of future generations, and avoid high inheritance taxes.

It can be said that charitable foundations are a matter of fame and fortune for wealthy families.But the same American government also has some restrictions on charitable foundations. For example, although charitable foundations can be exempted from taxes and fees, it is stipulated that at least 5% of the total amount must be used for charity every year, and it will last for 20 years. After that there are no mandatory regulations.

Moreover, the accounts of charitable foundations must be transparent, and all expenditures and investments must be disclosed to the public, so the concealment is not strong.

Of course, don't look at tax exemption, just donate 5% every year, and feel that the country is at a disadvantage.In fact, from the perspective of the country, it is necessary to donate 20% every year for at least 5 consecutive years. Then the total amount of donations, if the fund has been profitable, will far exceed the amount when the fund was first established; If the money is used to maintain it, then the donation will exceed the inheritance tax that needs to be paid, so the country will not suffer in terms of the amount used for charity.

But even this is a very good way, because the law is very general about so-called charitable purposes.Many foundations will do something in the name of charity to benefit the development of other family businesses.

For example, if your family invests in the pharmaceutical industry, then you can use the foundation to fund related "non-profit" media in the name of serving the public. In exchange, the other party will definitely say good things about your related products, go to Hack your competitors.

This kind of funding is actually equivalent to public relations expenses, but it is still for charitable purposes on the surface, but it actually guides public opinion and makes profits for the companies they invest in. For example, the Gates Foundation often does this. They are in many The state has funded many similar popular science media for the purpose...

For example, if William Chen establishes a charitable foundation, he can distribute living allowances to the poor in a certain state, and this state happens to be the one that Zoom APP is just about to promote, and then the subsidies are free Zoom vouchers, without any Use threshold.

Yes, these funds are indeed used for charitable purposes, improving the lives of poor families, but at the same time, such charitable acts have also helped the Zoom APP to gain more users.

Also, he could donate comic books and toys to kids in third world countries—Marvel comic books and Marvel superhero toys.

In this way, these children will subtly become fans of the Marvel universe, contribute to the box office of their future movies, and contribute money to the surrounding area.

This is still the role of the foundation in normal business promotion. As for the dirtier political exchanges, let alone mention them, William Chen will try not to get involved in them anyway.

"So you mean you want to establish a charitable foundation?"

For William Chen's ideas, Uncle Tom is still very supportive, because he also understands that indeed using these methods can make the wealth he acquired in the subprime mortgage crisis this time, so that he himself will not be criticized too much.

And almost all wealthy families do this, and he is no stranger to the methods involved.

You know, as William Chen's mother, a socialite from the Drey family, and a good friend since childhood, Uncle Tom's family background is quite prominent, but he himself doesn't care about too many business matters.When helping William Chen before, most of the things were handled by his subordinates.

"Yes, Uncle Tom, you are the person I trust the most, so I hope you will help me manage this foundation."

After Uncle Tom agreed, Chen William began to set up this trust family charity fund.

The name of the foundation, named after Chen William's mother, is called Caitlin Chen Charitable Foundation, referred to as Caitlin Foundation.

(End of this chapter)