4 ms·
IKEA is a famous example, although they sequenced things in a way many commenters here would probably be fine with https://en.wikipedia.org/wiki/IKEA_Foundatio
by wrsh07 5mo ago
IKEA is a famous example, although they sequenced things in a way many commenters here would probably be fine with
https://en.wikipedia.org/wiki/IKEA_Foundation https://en.wikipedia.org/wiki/IKEA_Foundation
- throwup238 5mo agoOther examples include Mozilla Foundation and Mozilla Corporation, the latter of which pays taxes on the money it gets from Google for default search engine placement, and the Smithsonian gift shop, which is a common pattern for museums all over the country. Novo Nordisk is another example, maker of Ozempic, and it’s the richest foundation in the world because it spun off a for-profit that then went public. IRS requires nonprofits to pay taxes on “unrelated business income” and spinning it off to a for-profit subsidiary is the least risky way of managing that revenue.