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Is it legal for a 501c3 charity to give money to an investment company that will be used for only charitable reasons at a later date?
Absolutely legal. And from what your saying, nothing even remotely fishy or unsavory.
Many charitable actions take years to collect funding before they come to fruition.
Some charities may have to pay a tax, albeit a small one, on earnings from unrelated business income...although it even depends on which method that charity qualifies for it's tax exemption under.
What else can I help you with?
What does charitable lead trust do?
A charitable lead trust is a form of organisation that has special rights and laws governing its formation and structure. This is for taxation reasons.
What are the three reasons for the founding of Georgia?
Economics charity and defence
Give 5 reasons for preparing financial statements?
To know the profitability of the company. To satisfy the shareholders with their investment in the company. In case of financial sourcing, these statements can be of relevance for the company for instance, banks will need to look at its stand in order to be certain and convinced that their money will be repaid.
What are the three reasons for the creation of geogia?
the three main reasons for the creation of geogia is charity defense and economics
What is the meaning of mendicant?
The term mendicant (Latin mendicans, begging) refers to begging or relying on charitable donations, and is most widely used for religious followers or ascetics who rely exclusively on charity to survive.
What reasons business not using e-tourism?
1. Using the 5 forces model give reason why a person and company would consider investment pursue a business in tourism industry.
What is the purpose of a vehicle donation charity?
There are many reasons for a vehicle donation charity. The biggest reason for a vehicle donation charity would be so that poor people could get a car for free.
Why would a private limited company change to a public limited company?
Becoming a PLC allows a company to sell shares to members of the public on the stock exchange. The reason a company would do this is to generate funds and grow as a businessJack x
What are some good reasons to ask for money?
Some good reasons to ask for money include financial need for basic necessities, unexpected emergencies, educational expenses, starting a business, or supporting a charitable cause.
What are some reasons people place their money in banks?
Reasons are as followes - 1) Security 2) Saving 3) Investment 4) Future Planning
What are the 6 major reasons to invest into bonds?
Reasons to invest in bonds include receiving semiannual interest and preserving capital investment 勁啊
What are positive reasons of model?
The __________ Company was a british fur-trading company
