MJ Ray <[email protected]> writes: > Russ Allbery <[email protected]> wrote:
>> We can't do that with moneys collected in the United States under the >> aegis of Software in the Public Interest. It would jeopardize the >> non-profit status of SPI. Non-profit charities are not permitted to >> make investments in for-profit businesses. > Are they permitted to make loans? I would be very hesitant to say without the advise of a good non-profit accountant or lawyer. This is very dangerous territory for a non-profit in the US. For example, it's common for the fund management arm of a university with a large endowment to be a somewhat separate legal entity with a strong firewall between it and university management to ensure that its investment activities in managing the endowment don't affect the non-profit status of the university. And that's a non-profit educational institution, which is under somewhat fewer restrictions as I understand it than a non-profit charity. -- Russ Allbery ([email protected]) <http://www.eyrie.org/~eagle/> -- To UNSUBSCRIBE, email to [email protected] with a subject of "unsubscribe". Trouble? Contact [email protected]
