It honestly just never occurred to me that such a transformation was allowed/possible. A nonprofit seems to imply something charitable, though obviously that’s not the true meaning of it. Still, it would almost seem like the company benefits from the goodwill that comes with being a nonprofit but then gets to transform that goodwill into real gains when they drop the act and cease being a nonprofit.
I don’t really understand most of this shit though, so I’m probably missing some key component that makes it make a lot more sense.
A nonprofit seems to imply something charitable, though obviously that’s not the true meaning of it
Life time of propaganda got people confused lol
Nonprofit merely means that their core income generating activities are not subject next to the income tax regimes.
While some non profits are charities, many are just shelters for rich people’s bullshit behaviors like foundations, lobby groups, propaganda orgs, political campaigns etc
Take the hat off. This was the goal. Whoops, gotta cash in and leave! I’m sure it’s super great, but I’m gone.
That’s an excellent point! Why oh why would a tech bro start a non-profit? Its always been PR.
It honestly just never occurred to me that such a transformation was allowed/possible. A nonprofit seems to imply something charitable, though obviously that’s not the true meaning of it. Still, it would almost seem like the company benefits from the goodwill that comes with being a nonprofit but then gets to transform that goodwill into real gains when they drop the act and cease being a nonprofit.
I don’t really understand most of this shit though, so I’m probably missing some key component that makes it make a lot more sense.
Life time of propaganda got people confused lol
Nonprofit merely means that their core income generating activities are not subject next to the income tax regimes.
While some non profits are charities, many are just shelters for rich people’s bullshit behaviors like foundations, lobby groups, propaganda orgs, political campaigns etc
Thank you! Like i said, i figured there’s something I’m missing–that would appear to be it.