4 ms·

They could also slow down fundraising.

• wmf 3y ago
  I think they're worried about losing non-profit status.
  • fakedang 3y ago
    Unless I'm missing something, trusts can still keep nonprofit status without fundraising.
  • CameronNemo 3y ago
    How would that happen? I'm not familiar with the peculiarities of nonprofit law.
    • wmf 3y ago
      They need to get 1/3 of their revenue (over $50M) as donations from the general public to qualify as a charity. https://www.irs.gov/charities-non-profits/exempt-organizations-annual-reporting-requirements-form-990-schedules-a-and-b-public-charity-support-test https://www.irs.gov/charities-non-profits/exempt-organizatio...
      • deleted 3y ago
        [deleted]