Fun Fact: Did you know that one of the largest food product distributors in the world is also owned by a 501(c)(3) tax exempt organization? The Newman’s Own Foundation (a private foundation) owns 100% of No Limit LLC, the producer and distributor of the Newman’s Own brand of food products (think the salad dressings). But …
Are for-profit companies incentivized to do good? Specifically, does the law incentivize the creation of Social Purpose Corporations? We’ve talked a lot about Social Enterprises on this blog. I encourage you to take a look at some past posts for a rundown of what they are. As a quick reference: Social Purpose Corporations, or SPCs, …
The Donald J. Trump Foundation, which was been mired in a 2016 lawsuit brought by the New York Attorney General, will be dissolved pursuant to an agreement dated December 18, 2018 and court supervision. This nonprofit’s dissolution has a general teaching for nonprofit board members: take board meetings seriously! One of the primary complaints brought …