4 ms·
Sure you can: Here's a nice 6 million dollar house bought by a charity: https://nymag.com/intelligencer/2022/04/black-lives-matter-6-million-dollar-house.html
by kennend3 4y ago
Sure you can:
Here's a nice 6 million dollar house bought by a charity:
https://nymag.com/intelligencer/2022/04/black-lives-matter-6-million-dollar-house.html https://nymag.com/intelligencer/2022/04/black-lives-matter-6...
And a nicer 8 million dollar house bought by the same charity (all cash, must be nice)
https://www.washingtonexaminer.com/restoring-america/fairness-justice/anger-over-blms-purchase-of-8-1-million-toronto-mansion-grows-as-groups-finances-scrutinized https://www.washingtonexaminer.com/restoring-america/fairnes...
you see stories like this in the news fairly often, this is just two recent examples.
- s1artibartfast 4y agoI totally agree that there are some corrupt Charities out there and bad practices. However, I don't think that's a condemnation of the concept of Charity as a whole.
- kennend3 4y agoI'm not "condemning" charity, some are really good and I financially support two that are important to my own family. My point was simple, someone said charities cant buy houses, but they in fact can and do.
- s1artibartfast 4y agoThat person was me. I agree that non-profits can buy real estate. Maybe I wasn't clear, but my point what that charities cant legally operate for the sole benefit of the donor. I used buying a vacation home as example of this. A charity cant do that legally. A shady charity might buy a headquarters as a pretext an use it as a vacation home.