2006-11-12 02:20:45 · 2 answers · asked by flignar 2 in Business & Finance ➔ Corporations
I don't think so, cause the person starting it won't get the money, since it's non-profit
2006-11-12 02:28:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
CAN they? Yes. Not-for-profit (NFP) companies have equity that can be bought and sold like any other company.
DO they? Usually not. Equity contributions to NFPs are usually seed money where nobody expects to get their capital back.
I used to be a portfolio manager for a Fortune 500 company. The company I worked for had equity stakes in several non-for-profit. We frequenty bought more NFP equity as a form of philanthropy via equity injection. In two cases, we sold NPF equity - one was because to get the tax write-off and the second was because I disagreed with the CEO on where he was taking his organization (and its adherence to its mission statement).
2006-11-12 10:36:43 · answer #2 · answered by csanda 6 · 0⤊ 0⤋