As a seasoned crypto analyst, I've watched foundations like Ethereum's go from gold standard to governance nightmare. This article dives into the structural failures plaguing crypto foundations - from Arbitrum's rogue treasury moves to Tezos' power struggles - and asks whether DAOs or corporate models might replace these bureaucratic relics. With data on token performance and insider insights from a16z, I'll show why the 'non-profit ideal' is collapsing under its own weight.