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What's "the NFP space"? I googled but all I find is random local clubs and companies called NFP, none of which look like powerful lobby clubs.
by skrebbel 1y ago
What's "the NFP space"? I googled but all I find is random local clubs and companies called NFP, none of which look like powerful lobby clubs.
- compiler-devel 1y agoNFP = Not For Profit
- protocolture 1y agoNot for profit. Covers full charities, and other legal statuses like public beneficials etc.
- piltdownman 1y agoTry the likes of the Hans Wilsdorf Foundation, the beneficial owners of Rolex who operate under the guise of a charity. There is no requirement to disclose financial or charitable donations under law, and the company pays no corporate taxes as a result of being owned by the Foundation.
- alephnerd 1y agoTbf, that's a common bordering on default corporate setup in DACH in order keep ownership within the family [0], and in my opinion, symptomatic of why a number of German industries have been falling behind. Some amount of creative disruption is needed to incentivize innovation, but there are roadblocks against that created by the families who ancestors took advantage of creative disruption 50-70 years ago. Bosch, Thyssenkrupp, Aldi, Lidl, Bertelsmann, etc all do that. [0] - https://www.lexology.com/library/detail.aspx?g=f1b666a8-1257-4d81-b28c-26f81ecba298 https://www.lexology.com/library/detail.aspx?g=f1b666a8-1257...
- genewitch 1y agoPeople usually call i t NGO for non-government organisation. Not For Profit is just another euphemism. In casual conversation people usually say nonprofit. Or if they feel fancy, a 501.c3 nonprofit. In the US. Not sure how these work in other countries.