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> The Foundation is completely controlled by Brian Acton, who is the sole "member" of the nonprofit It doesn't seem unusual to have a single member nonprofit.
by joecool1029 6y ago
> The Foundation is completely controlled by Brian Acton, who is the sole "member" of the nonprofit
It doesn't seem unusual to have a single member nonprofit. However, is it a usual thing to loan to your own nonprofit foundation at 0%? Without a plan to generate positive cashflow into the foundation, would he forgive this loan to offset future taxes?
Genuinely curious.