3 ms·
Would it be legal for them to influence political bodies with money from a non profit? https://www.irs.gov/charities-non-profits/charitable-organizations/the-r
by Pearse 4y ago
Would it be legal for them to influence political bodies with money from a non profit?
https://www.irs.gov/charities-non-profits/charitable-organizations/the-restriction-of-political-campaign-intervention-by-section-501c3-tax-exempt-organizations#:~:text=Under%20the%20Internal%20Revenue%20Code,candidate%20for%20elective%20public%20office https://www.irs.gov/charities-non-profits/charitable-organiz....
From what I understood, the reason people are supporting this move is not because he's giving up money but because he is ensuring that the company doesn't have stake holders that will push for profit above all else.. Because that could lead to bad outcomes for the environment.
So he gave the company to a non profit to run. Because itvs a... Non profit.