3 ms·

> It's no longer your wealth and unless you want to do something illegal its not coming back to you and can't benefit you. This is peak naivity - you are total

> It's no longer your wealth and unless you want to do something illegal its not coming back to you and can't benefit you. This is peak naivity - you are totally wrong. Exanple one - charity can make political donations. Example two - can hire lobbyists. Example three - it can buy voting shares in companies you want to control. Example four - it can hire your family members or friends and pay them salaries.

snowwrestler 4y ago
Charities (501c3) cannot make political donations or even endorse candidates. The Sierra Club lost their 501c3 status over this.
chollida1 4y ago
> Exanple one - charity can make political donations https://www.fec.gov/help-candidates-and-committees/candidate-taking-receipts/who-can-and-cant-contribute/#:~:text=Incorporated%20charitable%20organizations%E2%80%94like%20other,of%20the%20Internal%20Revenue%20Code https://www.fec.gov/help-candidates-and-committees/candidate.... > Incorporated charitable organizations—like other corporations—are prohibited from making contributions in connection with federal elections. Unlike most other corporations, charities face additional restrictions on political activity under provisions of the Internal Revenue Code. > Example three - it can buy voting shares in companies you want to contro https://www.infinitegiving.com/blog/nonprofit-investing https://www.infinitegiving.com/blog/nonprofit-investing > to avoid violating U.S. Securities and Exchange Commission (SEC) regulations, your investments should not benefit your nonprofit’s employees or board members.
hbrn 4y ago
You're calling somebody naive but your statement is nothing but lies. > Exanple one - charity can make political donations Under the Internal Revenue Code, all section 501(c)(3) organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office. Contributions to political campaign funds or public statements of position (verbal or written) made on behalf of the organization in favor of or in opposition to any candidate for public office clearly violate the prohibition against political campaign activity. Violating this prohibition may result in denial or revocation of tax-exempt status and the imposition of certain excise taxes. > Example two - can hire lobbyists In general, no organization may qualify for section 501(c)(3) status if a substantial part of its activities is attempting to influence legislation (commonly known as lobbying). A 501(c)(3) organization may engage in some lobbying, but too much lobbying activity risks loss of tax-exempt status. > Example three - it can buy voting shares in companies you want to control Which will lead to your tax-exempt status being revoked if it looks like you're doing business. > Example four - it can hire your family members or friends and pay them salaries. Which you can already do with your existing companies.
- ClumsyPilot 4y ago
  Mybad, I conflated non-profits and charities. All political thinkstanks seem to be non-profits. Evidently I dont understand the mechanism, but apparently charities can be used for political purposes: https://www.politico.com/news/2022/11/16/two-anonymous-425-million-donations-gives-dark-money-conservative-group-a-massive-haul-00067493 https://www.politico.com/news/2022/11/16/two-anonymous-425-m...
gardenhedge 4y ago
Do you think you could have worded your reply differently?

snowwrestler 4y ago

Charities (501c3) cannot make political donations or even endorse candidates. The Sierra Club lost their 501c3 status over this.

chollida1 4y ago

> Exanple one - charity can make political donations https://www.fec.gov/help-candidates-and-committees/candidate-taking-receipts/who-can-and-cant-contribute/#:~:text=Incorporated%20charitable%20organizations%E2%80%94like%20other,of%20the%20Internal%20Revenue%20Code https://www.fec.gov/help-candidates-and-committees/candidate.... > Incorporated charitable organizations—like other corporations—are prohibited from making contributions in connection with federal elections. Unlike most other corporations, charities face additional restrictions on political activity under provisions of the Internal Revenue Code. > Example three - it can buy voting shares in companies you want to contro https://www.infinitegiving.com/blog/nonprofit-investing https://www.infinitegiving.com/blog/nonprofit-investing > to avoid violating U.S. Securities and Exchange Commission (SEC) regulations, your investments should not benefit your nonprofit’s employees or board members.

hbrn 4y ago

You're calling somebody naive but your statement is nothing but lies. > Exanple one - charity can make political donations Under the Internal Revenue Code, all section 501(c)(3) organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office. Contributions to political campaign funds or public statements of position (verbal or written) made on behalf of the organization in favor of or in opposition to any candidate for public office clearly violate the prohibition against political campaign activity. Violating this prohibition may result in denial or revocation of tax-exempt status and the imposition of certain excise taxes. > Example two - can hire lobbyists In general, no organization may qualify for section 501(c)(3) status if a substantial part of its activities is attempting to influence legislation (commonly known as lobbying). A 501(c)(3) organization may engage in some lobbying, but too much lobbying activity risks loss of tax-exempt status. > Example three - it can buy voting shares in companies you want to control Which will lead to your tax-exempt status being revoked if it looks like you're doing business. > Example four - it can hire your family members or friends and pay them salaries. Which you can already do with your existing companies.

ClumsyPilot 4y ago
Mybad, I conflated non-profits and charities. All political thinkstanks seem to be non-profits. Evidently I dont understand the mechanism, but apparently charities can be used for political purposes: https://www.politico.com/news/2022/11/16/two-anonymous-425-million-donations-gives-dark-money-conservative-group-a-massive-haul-00067493 https://www.politico.com/news/2022/11/16/two-anonymous-425-m...

gardenhedge 4y ago

Do you think you could have worded your reply differently?