4 ms·
It is a special thing, a for-profit 501c3. At tax time it is tax exempt but when a guy I like gets fired the investors can leverage their donationvestments to f
by jrflowers 3y ago
It is a special thing, a for-profit 501c3. At tax time it is tax exempt but when a guy I like gets fired the investors can leverage their donationvestments to fire the board and push the chari-business into further profitability. It is a good setup and it makes sense why so many people are cheering things on today :)
- blackoil 3y agoMS investments are in for-profit company, not the parent.
- jrflowers 3y agoExactly, that’s why the investors should get to fire the board of the charity
- trashtester 3y agoWhich board? The board of the for-profit subsidiary or the non-profit parent?
- jrflowers 3y agoYes