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can any private company be a 'not-for-profit' by using 99% of the gains on salaries and business deductible amenities? asking for a frenemy.
I'll admit that I'm not quite sure how all that stuff that Vanguard claims works out in real life.
I have similar confusion about my relationship to REI, which goes back even further than the days I would scrounge the couch cushions for capital to invest with.
Fidelity is for-profit and private - so, it doesn't have to file or provide reports on its operations.
TIAA, Vanguard, etc are nonprofits.
But nonprofits can have some for-profit operations. Just look at universities - so the academic side is nonprofit, but bookstores, sports, etc are for-profit.
Also in the current news is nonprofit OpenAI controlling for-profit OpenAI and it's trying to adjust its structure.
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https://stockcharts.com/sc3/ui/?s=$BTCUSD&id=p07145506619
can any private company be a 'not-for-profit' by using 99% of the gains on salaries and business deductible amenities? asking for a frenemy.
I have similar confusion about my relationship to REI, which goes back even further than the days I would scrounge the couch cushions for capital to invest with.
TIAA, Vanguard, etc are nonprofits.
But nonprofits can have some for-profit operations. Just look at universities - so the academic side is nonprofit, but bookstores, sports, etc are for-profit.
Also in the current news is nonprofit OpenAI controlling for-profit OpenAI and it's trying to adjust its structure.