3 ms·
In theory, yes... but did you know that IKEA is owned by a charitable foundation "to promote and support innovation in the field of architectural and interior
by Clewza313 5y ago
In theory, yes... but did you know that IKEA is owned by a charitable foundation "to promote and support innovation in the field of architectural and interior design"?
https://en.wikipedia.org/wiki/Stichting_INGKA_Foundation https://en.wikipedia.org/wiki/Stichting_INGKA_Foundation
Said foundation had an estimated endowment of $36 billion in 2006 (undoubtedly much larger now), yet it only donated $159 million in 2017, or only 0.4% assuming the endowment had zero growth.
- jacknews 5y agoI agree, there should be more scrutiny and requirements to operate as a charitable foundation.