Corpus
The single CPI-U-indexed investment pool. All figures are real (inflation-adjusted). Funded by a level gift over a 10-year front-loaded window.
Config B
The adopted funding architecture: a $10M committed base gift ($15M/$20M are conditional upside), 10-year front-loaded contribution window, single-arm seed budget.
Base root
A $50M real NAV threshold, defined as 5× the committed gift. Ongoing charity begins only once corpus first reaches it. NAV-only gate — no return measurement.
Seed / seed floor
Every lineal descendant is seeded at birth: max($250K real, 1% of NAV) per heir. The $250K floor is a target within available harvest, not a hard guarantee under a single-arm budget.
Single-arm harvest budget
The seed budget cap: 2.5% of NAV per year (Config B). The earlier trailing-growth second arm was removed. When heir counts scale with fertility, this cap can bind (see §11.3).
Founders draw
Each of the two first-generation founders draws 2% of NAV per year, outside the harvest cap, years 30–68 — peak-year liquidity by design.
Flat NAV tap
Ongoing charity, re-mechanized (v9.10): once NAV reaches the base root, the charitable recipient receives 0.50% of NAV each year. Fully human-free — one multiplication off observable NAV, non-gameable, trivially audited.
HWM bumper
The retired v9.9 high-water-mark ongoing-charity mechanism, replaced by the flat tap. Retained only as an engine parity toggle, not the live rule.
Terminal split
At the year-140 review, corpus is divided 40% family / 60% charity. Because seeds (family) are already paid and the tap (charity) already given, the total each side receives is a different number — near 50/50 centrally, but FERT-conditional.
Numbers of record
The engine-generated central figures at deterministic 4.5% net, FERT 1.5: corpus $337M, family $244M, charity $248M, total $492M, 50/50. Every figure regenerates from the engine and self-reconciles; none is transcribed.
FERT
Fertility — children per heir. Exogenous demographic input; the design has no mechanism to observe, influence, or preserve it. Default 1.5.
FERT qualifier
A standing discipline: any figure that depends on the birth series (corpus, split, funding %, headcount) must show its FERT assumption. A single-cell figure at FERT 1.5 is not a law.
Deterministic band
Corpus and split computed at fixed constant net returns of 4.0 / 4.5 / 5.0 / 5.5%. Absolute figures are always shown as this band — never a single point stated as robust.
P10 / P50 / P90
The only way stochastic quantities are reported — the 10th, 50th, 90th percentiles of a 3,000-path Monte Carlo. Never a mean; the median path is the honest central.
Base-root year
The year NAV first reaches the base root and ongoing charity begins. Central: year 83.
Review / sunset
Year 140 — five generations served, gen 6 just beginning. Default is dissolution unless the renewal body affirmatively acts.
Renewal
At the review, a non-beneficiary governance body may, by 4-of-5 supermajority and only if the gate passes, renew for a further term — amending operating rules within pre-set bands only.
Protected core
What renewal can never touch: the charitable purpose and recipient interest, the anti-hoard rules, and the lineage rules. Unamendable by construction.
Milestone ladder
The heir sub-account age schedule (15% at 25 · 30% at 30 · 40% at 40 · 50% at 50 · level annuity 55–95; residual reverts at death). Moves no number of record.
Family or foundation
The terminal rule: value never escheats and never reverts to the Settlor. If a lineage is extinct, its share flows to charity, not to a nonexistent family.