Losing Control

From a CNN article, "Cable TV billionaire giving away fortune"

Gerry Lenfest, 73, said he saw many charitable institutions lose effectiveness after their founders died and decided the bulk of the family's fortune should not end up in long-lasting endowments.

"During your lifetime, you can direct how your wealth is spent for the most good," he said. "But after your death, it is problematic. You don't have the control."