3 ms·

richest charities? not even close? look at ikea.

• joncrane 9y ago
  How is Ikea a charity?
  • abrowne 9y ago
    IIRC the brand is owned and licensed by a Dutch organization – legally a charity – created by the founder for tax avoidance purposes.
    • orliesaurus 9y ago
      Yeah it's some blackhole of companies holding each other i don't even know how to picture how all this works without pen and paper. [1]https://en.wikipedia.org/wiki/Stichting_INGKA_Foundation https://en.wikipedia.org/wiki/Stichting_INGKA_Foundation
  • jonwachob91 9y ago
    Minute MBA has a really good explanation of their set-up. https://www.youtube.com/watch?v=xvxRePIv85Y https://www.youtube.com/watch?v=xvxRePIv85Y
    • orliesaurus 9y ago
      Great video, that's genius - good job to the lawyers and financial advisors