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You're the one confused here. You're making a standard programmer bug of reading IRS pages like computer code. If you'd like an example of a sale, look at the
by blagie 5y ago
You're the one confused here. You're making a standard programmer bug of reading IRS pages like computer code.
If you'd like an example of a sale, look at the sale of edX to 2U. A for-profit got:
- Courses from partner universities, developed believing they were contributing to a non-profit
- Data from millions of students, who believed they were entrusting it to MIT and Harvard
Foundations, individuals, etc. who had supported edX financially found their donations commercialized too.
MIT/Harvard got $800M. MIT decision-makers got cushy jobs at 2U.
- mistrial9 5y ago> look at the sale of edX to 2U yes, that would be interesting to see the details, like the specific tax+governance documents for whatever specifically got those assets from the non-profit, as you point out. IANL