5 ms·
A nonprofit overseeing a for-profit arm, where have I seen this before?
by 5636588 2y ago
A nonprofit overseeing a for-profit arm, where have I seen this before?
- intunderflow 2y agoNovo Nordisk would be the biggest example I'm aware of
- baq 2y agoIKEA?
- 3D30497420 2y agoSame thought I had, though it seems more like a tax-dodge for IKEA: https://en.wikipedia.org/wiki/IKEA#Financial_information https://en.wikipedia.org/wiki/IKEA#Financial_information
- portaouflop 2y agoTIL Ikea is technically non-profit. That’s insane
- freeone3000 2y agoMozilla
- walthamstow 2y agoBBC Studios / BBC America
- Gormo 2y agoPlenty of places -- it's not an especially rare model.
- supertrope 2y agoYes it is common for a charity to own a business. The corporate profits are used to fund the education or social welfare mission.
- wrasee 2y agoI think it was a dig at OpenAI
- rvz 2y agoMozilla and OpenAI.
- supertrope 2y agoThe NFL used to be a non-profit with the teams paying tax on their profits. It's since changed.
- karaterobot 2y ago(silently acknowledges that this is a rhetorical question rather than a brainstorming prompt)
- bloggie 2y agoRolex? They take $10 of cheap metal, sell it for $10k, and use the profits to fund the charity.