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It's a non profit so no one owns it. He is still in control of it though,
by hbk1966 9y ago
It's a non profit so no one owns it. He is still in control of it though,
- 0xbear 9y agoThat's a common misconception. Nonprofits _do_ have owners. And also, while they can't make money directly, they can spin off for-profit companies if e.g. they invent a cure for cancer or something.
- adventured 9y agoThat's incorrect. Nonprofits can't have owners. https://cullinanelaw.com/nonprofit-law-basics-who-owns-a-nonprofit/ https://cullinanelaw.com/nonprofit-law-basics-who-owns-a-non... https://www.501c3.org/who-really-owns-a-nonprofit/ https://www.501c3.org/who-really-owns-a-nonprofit/
- 0xbear 9y agoThey do have "stakeholders" which, naturally, can't profit from either operation or sale of the nonprofit, but, crucially, _can_ control creation of commercial spin-offs and spending. I.e. While de jure they can't be called owners, they still can (and often do) profit indirectly.