Other than the catholic church, what other "non-profit" orgnaizations have billions of dollars worth of assets

Question

The catholic church claims to be "non-profit" so they do not have to pay taxes (even though they are very involved with polotics, but I know that is a different topic) but is worth billions of dollars. What other "non-profit" organizations are like this?

Answer 1

Mormons, Bernheim Arboretum and Research Forest, the government doesn't pay taxes to its self, and the EPA

Answer 2

The Gates Foundation
The American Red Cross
Washington University in St. Louis
Harvard and Radcliffe Colleges
Yale University

Non-profit doesn't mean you don't have assets. It refers to what happens with those assets. While profits are distributed to the owners, a non-profit has no owners, and so the revenues that exceed expenditures are supposed to be devoted to the mission of the organization.

Usually, if funds aren't put directly toward a mission (ie, relief work), they are added to a foundation, which is a pool of investments from which income is derived. Put it this way, if you want to found a sustaining scholarship, you need at roughly $5,000 to $10,000 for every $250 the scholarship is worth. That way the $250 can come from interest without reducing the worth of the $5,000 to $10,000 foundation. Note also that the foundation money is tied up as an investment, meaning that to dip into it is to essentially destroy the scholarship.

Note this is different than a not-for-profit such as a Credit Union, in which there are owners but the owners and customers are one and the same, and so when profits are distributed to them, it can be considered a 'discount' more than anything.

The Catholic Church does an incredible amount of good in the world. Don't knock it.

Answer 3

The net worth of the Catholic Church is in hard assets that have a very subjective value (old buildings, paintings, etc.). Very little is liquid assets and what little there is is spent on missionary works. Also each diocese is financially independent from the next diocese so you cannot add it all up and get a dollar value. That is why several of the large diocese in the US who have been judged to pay millions have declared bankruptcy. They simply do not have the cash.

Answer 4

The church does no longer want to promote their actual resources to finance its charities. The Catholic charities are sustained by employing 1 million.2 billion catholics and by employing some rich catholics. Donation isn't a topic. regardless of the indisputable fact that funds come and bypass to fund the charities. easily the Vatican is operating in pink; we also knew that Pope Benedict is singing and promoting his dvd to finance his global song ministries. So once back, the undesirable of the international is depending on the catholic charities and on a million.2 billion catholics. What an extremely good church.

Answer 5

The Republican, Democratic, and all other political parties are non-profit organizations which are very involved in politics. They take in millions of dollars every year and pay no taxes.

PETA, the NRA, the Sierra Club, AARP, etc. are all non-profit organizations which are very involved in politics. They take in millions of dollars every year and pay no taxes.

How can any Church teach the Gospel of Jesus Christ and not try to make the world a better place?

With love in Christ.

Answer 6

Red Cross
Greenpeace

Answer 7

Name any sect all over the world

You want example ISCKON -

Answer 8

the bill and melinda gates foundation- feat. warren Buffet