|
[EDI-L Mailing List Archive Home]
[Message List]
[Reply To This Message]
Re: <ADVOCACY> Why I Don't Like XML
|
> > Not in the US. Non-profit orgs have to spend at least 5% gross on
charitable
> > means.
>
> I don't think so. Where did you see that?
>
It has to do with the "charitable" organization. The exact figure of 5%
isn't in stone, more of it shows that the company is donating money to
charity, and thus a charitble organization. One of the qualifying factors
for a corporation to receive the tax benefits of a 501(c) is that they are a
charitable organizations (others are religious, education, etc). I.e. it's a
way to stay "safe"...
-BKN
|
|
Subscribe in XML format
| RSS 2.0 |
|
| Atom 0.3 |
|
|
Cart
