http://online.wsj.com/article/SB1000087239639044413030457755...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? --fleg
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