Sounds obvious, right? But according to a story in the New York Times, there is growing confusion over what constitutes a charity these days. Specifically, the story reports that recent court rulings are challenging the tax-exempt status of nonprofits.
Think about this the next time your alma mater solicits a donation: Harvard University, with a $35 billion (with a [...]
Filed under: State of Austin Philanthropy, The business of nonprofits | Tagged: charity, tax exemption | Leave a Comment »