It’s common and fully legal in the US for wealthy people to create their own 501(c)(3) private foundations. I don’t think this is an issue.
Even for a 501(c)(3) public charity, a wealthy person should be able to donate enough to support 2⁄3 of its budget without any legal problems, as long as the remaining 1⁄3 fits the IRS criteria of “public support.” And even if that doesn’t work out, it just means the 501(c)(3) may have to turn into a private foundation.
I don’t know what the laws are in other countries.
It’s common and fully legal in the US for wealthy people to create their own 501(c)(3) private foundations. I don’t think this is an issue.
Even for a 501(c)(3) public charity, a wealthy person should be able to donate enough to support 2⁄3 of its budget without any legal problems, as long as the remaining 1⁄3 fits the IRS criteria of “public support.” And even if that doesn’t work out, it just means the 501(c)(3) may have to turn into a private foundation.
I don’t know what the laws are in other countries.