| re: isn't NFP status more about how you spend the money |
| Posted by: ryhog 08:39 pm EDT 07/14/23 |
| In reply to: isn't NFP status more about how you spend the money - dramedy 01:13 pm EDT 07/14/23 |
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| Yes it is, as long as it is consistent with an eleemosynary purpose. The Shuberts are a difficult example, however, because they are a unique structure: a for profit enterprise owned by a non-profit foundation. So what they do in business has no connection to a charitable purpose. The foundation, on the other hand, is the largest performing arts donor in the United States and just announced its current year boasts its largest ever grant total. |
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re: isn't NFP status more about how you spend the money - garyd 11:07 pm EDT 07/14/23 |
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