31.   He had given his shares in DFS Group Ltd. to a private charitable foundation based in Bermuda, helping to mask his identity.

32.   He said he encouraged Frankel to start his own private foundation.

33.   He said the North Grafton, Mass. defense contractor has asked churches, private foundations, and individuals to contribute to the accounts.

34.   His network of private foundations and satellite television productions always appeared to be just within the law, and he seemed to relish taking the rules to the brink.

35.   His vision is that a university or private foundation might want to manage his arboretum some day.

36.   Investors included pension funds, private foundations, college endowments and wealthy individuals.

37.   Instead, states would raise the money and give it to private charitable foundations, which would distribute it to private nonprofit organizations that aid the poor.

38.   It could still seek an infusion from private investors, help from government or aid from private foundations that look favorably on its mission.

39.   Investors include pension funds, private foundations, college endowments and wealthy individuals.

40.   It then tried to fob off survivors with quiet payments through a private foundation.