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They can sell them if not in accordance with their mission by paying taxes on the sale as well (UBIT). There are very few restrictions on what a nonprofit can
by mikeyouse 5y ago
They can sell them if not in accordance with their mission by paying taxes on the sale as well (UBIT). There are very few restrictions on what a nonprofit can and can’t do.
https://www.councilofnonprofits.org/tools-resources/unrelated-business-income-taxation https://www.councilofnonprofits.org/tools-resources/unrelate...
- mistrial9 5y agoin the USA ? that is absolutely not true.. could an actual experienced attorney please look into this ... I think you people are confused about "selling t-shirts" versus disposal of actual assets.
- samatman 5y agoI think you're confused about what an asset is. Be it a T-shirt, a building, or IP, if a nonprofit owns it they can sell or license it.