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In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
Such donations to charitable organizations represent a major form of corporate philanthropy. [ 4 ] To meet the exempt organizational test requirements, a charity has to be exclusively organized and operated, [ 1 ] and to receive and pass the exemption test, a charitable organization must follow the public interest and all exempt income should ...
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AARP Foundation; Acorns Children's Hospice; Action Against Hunger; ActionAid; Acumen; Adelson Foundation; Adventist Development and Relief Agency; Aerospace Heritage Foundation of Canada
A not-for-profit arts organization, also known as a nonprofit arts organization, usually takes the form of a not-for-profit organization, nonprofit organization, association, or foundation. Such organizations are formed for the purpose of developing and promoting the work of artists in various visual and performing art forms such as film ...
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Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions.
Dolly Parton laughs at the idea that she is some sort of secret philanthropist. Oh, and it did eventually come out that Parton had donated $1 million for research that helped create the Moderna ...
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