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Because a non-profit in the US just means that they can't distribute profits to the shareholders, not that they can't try to make money. They just need to use t
by oh_sigh 5y ago
Because a non-profit in the US just means that they can't distribute profits to the shareholders, not that they can't try to make money. They just need to use their profits to further their mission instead of distributing to shareholders. For example, the Gates Foundation could own a completely conventional farm, and run it like a conventional farm, but any profits they generate could be used to buy and deliver malaria pills to at-need countries (or something like that). That would be an acceptable reason a non-profit owns farmland.
- missedthecue 5y agoThe giant German conglomerate Bosch is structured in a similar way. 92% of the company is owned by the Bosch family charitable foundation 'Robert Bosch Stiftung'
- blitzar 5y agoany profits they generate could be used to buy more farms to make more profits to buy more farms with
- verisimi 5y agosure - it could buy malaria pills, or it could just buy more farms.