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[parent] [thread] 4 comments
1. jrflow+(OP)[view] [source] 2023-11-19 21:58:29
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 :)
replies(1): >>blacko+tn
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2. blacko+tn[view] [source] 2023-11-20 00:07:01
>>jrflow+(OP)
MS investments are in for-profit company, not the parent.
replies(1): >>jrflow+pp
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3. jrflow+pp[view] [source] [discussion] 2023-11-20 00:18:07
>>blacko+tn
Exactly, that’s why the investors should get to fire the board of the charity
replies(1): >>trasht+jW1
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4. trasht+jW1[view] [source] [discussion] 2023-11-20 10:53:23
>>jrflow+pp
Which board? The board of the for-profit subsidiary or the non-profit parent?
replies(1): >>jrflow+7K4
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5. jrflow+7K4[view] [source] [discussion] 2023-11-21 00:12:37
>>trasht+jW1
Yes
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