Charles Kahn

speaker

743 appearances 2 recordings 1 series first heard Oct 2024 last heard Aug 2025

Charles Kahn’s voice in public audio — every appearance, attributed to the second.

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Five oh one C four is the is is the set of numbers you're talking about.

It sounds like one of the droids on the original Star Wars, doesn't it?

C three PO.

Look, it turns out it's really hard to give a company away to charitable um control in the United States.

Um, it's pretty common in Europe.

It's possible in Canada.

MasterCard Foundation owns nine percent of MasterCards based in Canada.

Um, it's not easy in the United States.

So a typical foundation, a C three, to use the legal term.

Can't own a concentrated position in a company.

You actually need um um a solution like the one we came up with.

Um in our case, we discovered with with help from a wonderful um estates lawyer called Dan Mosley.

The idea of a purpose trust which provides a a perpetual

Ownership structure for the voting shares of the company.

And a C four, which is a sister to a C three.

but one that has much more flexibility in how it gets things done.

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