It's official. I'm putting together a non-profit fund that will fund student living expenses. Students will be expected to pay back into the fund when they're on their feet, and those funds will then be re-loaned to other students for 0 or very low interest. Details soon.
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Imagine if a specific brand of tenis racket maker stayed a non profit to give subsidized tennis balls to underprivileged buyers of its rackets...
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Or what if a for profit school started a nonprofit scholarship fund to help its students, like happens in nearly every school in the US? All 501c3
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Nearly every school in the US is for profit?
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No, nearly every for profit school has a 501c3 scholarship fund
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Ah, fascinating, I'm now super curious as to how they get around this. My guess is the 501c3 in theory at least is not school specific, combined with lax enforcement but I'm. Way out of my depth
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I’m 99% certain there’s nothing wrong with having a 501c3 tied to benefit a specific subset of people tied to a for profit corp. the funds can’t benefit a single specific person, but obviously that’s different
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I mean if my sister was going ITT Tech and she died I can absolutely start a 501c3 that will help more students attend ITT Tech
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I would be sad if your sister got scammed by ITT
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Yes,I'm saying tying the aid to the consumption on an individual company product will cause you to fail that test m if the student qualifies and then chooses a lambda competitor he should still get the grant
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