Foundation Benefit Plan (FBP)
General Description and Overview
The FBP is designed to provide the ultimate in corporate extra-salary compensation programs to suit the varied and diverse interests of Foundation members. In combination with the standard annual non-taxable compensation, the FBP establishes an "infinite" monetary base from which the Foundation member may use discretionary funds to meet his/her personal goals and pursue and enjoy recreational activities to challenge the most adventurous individual.
The composition of the Plan is as follows:
1) Foundation Credit Card System (FCCS) - a world-wide network of Foundation owned financial institutions situated in countries of particular interest to Foundation travelers. Each member bank manages a superfund for purposes of establishing a $5 million credit limit for each FCCS member in each participating country of exchange. The fundamental principle behind FCCS is to create a common monetary unit of exchange in and between foreign nations using different currencies and different monetary bases (i.e. true "Eurodollars").
2) Foundation members are afforded company financed personal homes either to be purchased as contemporary real estate or custom-design fabricated housing units. The amount of the purchase is limited to what can be considered as a reasonable amount based upon the contributions to Foundation R & D made by the individual. Contructed homes will be designed according to existing state regulations and be in concordance with OSHA requirements as to public safety. Beyond that, anything is permissible.
3) Food and other perishable sustenance resources will be provided according to demand in unlimited personal quantities. This is a by-product of the Foundation Conglomerate Division's agricultural holdings and Human Health Services investments. Purchases will be coordinated through the Foundation Resource Procurement division. However, this privilege is not to be used for non-personal consumption (i.e. donations to the needy, feeding starving nations, etc. This is part of the International Program Management subdivision's priorities.)
4) Vehicles for personal transportation will be provided according to the state of technological development. Two vehicles can be furnished per person. A suggested purchasing strategy would be to select one vehicle for dependable transportation and the other for recreational purposes. As with the housing supplement, custom designs must be in accordance with existing NHTSA, DOT, and FAA requirements.
5) Funds appropriated through the FBP are designated for use only by the Foundation member and his/her immediate family including spouse and legal offspring.
6) Any allocations exceeding $1 million per fiscal year will require approval by the Foundation Board of Division Directors. Such funds will only be allocated for the express purpose of societal contribution or international integrity. Projects requiring funding in excess of $1 billion per fiscal year may apply for progress payments as regulated by the Federal Acquisition Regulation.
7) All monetary appropriations, acquisitions of property (real or personal), and custom constructs will be held taxable by any jurisdictional state or local authority. Federal taxation or regulation will not be in effect for the purposes of the FBP and its recipients.
8) Members may feel free to access and use the various services at the disposal of the Foundation. These include national publishing companies, graphic arts and media production companies, news and information databases, educational institutions (see Educational Prerequisites Overview), financial planning, and recreation and entertainment centers.
9) An individual personal expense account shall be allocated to each participating member in the Foundation Reserve bank of his/her choice, extending an open balance, not to exceed $250,000.00, to the account owner. Indirect reimbursable expenses shall be paid for through this account, which shall be replenished monthly up to its stated maximum balance. Funds for replenishment shall be drawn on the Foundation Personnel Reinvestment Account.
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