Re: Debian money
MJ Ray <email@example.com> writes:
> Russ Allbery <firstname.lastname@example.org> 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@example.com) <http://www.eyrie.org/~eagle/>