EFTA02549405

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From: Valeria Chomsky < Sent: Wednesday, December 13, 2017 5:56 PM To: jeffrey E. Subject: Fwd: Call with Max - summary <=div> Forwarded message From: Deborah Pechet Quinan < D=te: Wed, Dec 13, 2017 at 12:36 PM Subject: Call with Max - summa T=: "Noam Chomsky > > Dear Noam, Valeria and Richard, I spoke with Max yesterday afternoon. He reite=ated his position that he is not prepared to make distributions without so=e level of financial disclosure. We discussed my view that the level=he would like to see is unreasonably intrusive. I proposed that a financial statement should be sufficient. He count=red that in addition to a financial statement he would require a statement=of current cash flows as he is concerned about "burn rate"=and how long the trust funds would be projected to last at the current burn rate given increasing life expectancies generally..=A0 Max did not state that he would be willing to accept=less disclosure than what he requested in his November 30th ema=l to Richard. I stressed that this particular request was unreasonably int=usive, disrespectful and paternalistic. I do believe Max would be amenable to some level of reduced disclosure.Q=A0 I put pressure on him to release the $150,000 for the tax estimate with=ut any financial disclosure, within the next two days, due to the signific=nt adverse income tax aspect of using Noam's IRA to pay these taxes. He said he would consider this and =et back to me very soon. I do not believe