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Subject:  Can a non-profit do this? Date:  8/2/2012  6:43 PM
Author:  fleg9bo Number:  116490 of 127753

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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