This brings something from Philip Greenspun's site to mind: http://philip.greenspun.com/materialism/early-retirement/ "The standard tools that rich families use to preserve their wealth down through the centuries include the following: ... * charitable foundations and organizations that are supposed to work for the public benefit, but in fact provide jobs and luxurious vacations ("board meetings") for members of your family for decades to come..."

Although, I do think this guy is doing this for good, his family will still at least have employment from it. It says his sons are on the organisation's board, for example.