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Newman's Own is a for-profit corporation that gives 100% of its profits to charity (about 5% of revenue). All 501(c)(3)s are corporations. They largely exist t
by CobrastanJorji 6y ago
Newman's Own is a for-profit corporation that gives 100% of its profits to charity (about 5% of revenue).
All 501(c)(3)s are corporations. They largely exist to achieve ethical, charitable goals.
- ummonk 6y ago"They largely exist to achieve ethical, charitable goals." I wouldn't go that far. There are certainly 501(c)(3)s that actually focus on charitable goals, but many are just focused on enriching their execs and tax avoidance.