The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Can a non-profit do this?||Date: 8/2/2012 6:43 PM|
|Author: fleg9bo||Number: 116490 of 121219|
The Ford Foundation awarded a $500,000 grant to the Washington Post to expand its government-accountability coverage, the foundation's second major grant to a for-profit newspaper this year.
The foundation made its first for-profit newspaper grant to the Los Angeles Times this spring — an award of $1 million to enlarge coverage of local immigration and ethnic communities.
So my question is, can a tax-exempt foundation give money to a private for-profit corporation -- money that will presumably improve that corporation's profits -- and keep its tax-exempt status intact?
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