To be fair, foundation ownership is used more as a way to bypass estate taxes in German businesses [0] as a charitable foundation can continue to give 30% of it’s income to the family who founded the foundation. This is a common corporate structure for a number of other family run German companies (ThyssenKrupp, Aldi, Lidl, Bertelsmann, etc).

In American terms, it would be the equivalent of the Chan Zuckerberg Foundation owning 60-70% of Meta’s stock, and Zuckerburg’s children continuing to get dividends and a significant ownership stake in FB while also bypassing estate taxes.

[0] - https://www.lexology.com/library/detail.aspx?g=f1b666a8-1257...