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Foundations of course, can invest in for profit companies, whose goal it is to generate returns for the foundation. Foundation -> invests in a holding/investme
by charlesdm 11y ago
Foundations of course, can invest in for profit companies, whose goal it is to generate returns for the foundation.
Foundation -> invests in a holding/investment company -> invests in a property company -> invests in a special purpose vehicle that owns a $100m NYC penthouse. Check.
Check out Ikea; it's a non profit.
- deleted 11y ago[deleted]
- meatysnapper 11y agoFor other organizations that are split into a for-profit/non-profit, check out Planned Parenthood and the Lance Armstrong Foundation. Genius move, really.
- charlesdm 11y agoJohn Malone is a great example of how understanding taxes really well can help create significant wealth: http://www.bloomberg.com/news/articles/2014-11-03/malone-gained-double-tax-break-in-liberty-address-shift http://www.bloomberg.com/news/articles/2014-11-03/malone-gai...
- deleted 11y ago[deleted]