Another Feeder Organization Denied Tax Exemption

In “All Profits to Charity?: Not a 501(c)(3),” we noted that from time to time, folks come into our office with the idea of doing something like Newman’s Own; that is, starting a business and donating all the proceeds to charity. They ask us to help them set up a 501(c)(3) organization. They are generally surprised to learn that Newman’s Own is set up as a for-profit business, and that giving all proceeds to charity Read More