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Charity is very profitable for many elites especially in places like NYC and DC. Just because they don't distribute dividends doesn't mean they don't distribute
by joonix 13y ago
Charity is very profitable for many elites especially in places like NYC and DC. Just because they don't distribute dividends doesn't mean they don't distribute salaries. Most "connected" people here come out of school and get hired by their friends at non-profits. They sit around, raise money, and don't do much with it other than pay themselves.
- rossjudson 13y agoSadly, I have seen this myself. Expensive "gifts" for doing odd jobs for charities (that far exceed the value of the task), first-class travel plans and ludicrously expensive hotels...it's sad, really. Of course this was a while ago. I don't know if the tax laws have changed to make these sorts of things more difficult to do.