Would A Large BTC Charity Be Good Or Bad?

If one of the original BTC-whales started a BTC charity with 10,000 or so coins ($1.15B), with the intent of funding various Bitcoin projects, do you think this would be a good or a bad idea? On the "good" side I could see more people being paid to protect Core, and more money top develop Layer Two. Perhaps there would be better development and certainly much faster development. But on the negative side, would all that money just go to centralize power over Bitcoin and perhaps lead to too much money invested in fringe ideas that maybe would not be beneficial? Is there any board of directors that anyone could really trust to run it well? What are your thoughts?