3 ms·
The article doesn't mean that 501(c)(4) organizations are new, but that the specific organization mentioned, Catalyst4, was a new 501(c)(4). Just like one migh
by lastofthemojito 3y ago
The article doesn't mean that 501(c)(4) organizations are new, but that the specific organization mentioned, Catalyst4, was a new 501(c)(4). Just like one might say they started a new LLC - not that the concept of an LLC is new.
From the article:
> While 501(c)(4)s have been a part of the tax code for decades, often exploited by “dark money” political funds, prominent billionaires are beginning to use them for broader purposes.
- yieldcrv 3y agothat's an interpretation I hadn't considered, I would say the only new thing is that prominent billionaires have large percentages of a public stock, and the movements of those stocks have to be disclosed. This is probably the only reason that Catalyst4 is known about at all, because it is the organization that sold shares ultimately controlled by Brin. edit: no. its saying the strategy was new, not that Catalyst4 was new.