Comment by pnw

have you checked the incorporation status of every entity on the cap tables?

this would be difficult to know from a passing glance, they wont necessarily say any combination of “Charitable Non-Profit Foundation”, although I have seen that on cap tables and other disclosures

they can be any entity type and trusts. Trusts dont need to have “Trust” in the name

donor advised funds are not separately incorporated, and may also be on the cap table as the sponsoring charity

and again, as a limited partner in a fund, neither would show up on the cap table, just the fund they invested through