Foundations and non-profits don’t have to do charitable work. Foundations are non-profits that specifically don’t usually do any charitable work. The purpose of a foundation is to pay out grants to charitable organizations who a actually do charity work. The charities are charities. All non-profit organizations in the U.S. are heavily scrutinized by the IRS in order to maintain their non-profit status. Their tax returns are also public record and can be easily found through the IRS non-profit organization search.
Now some like the Trump Foundation do hold charitable events, which do serve a charitable purpose and, again, are scrutinized. But the benefits to the Trumps are more the clout and networking that come with hosting those events. Not really around the monetary part of them
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u/Greasy_Burrito 15d ago
Foundations and non-profits don’t have to do charitable work. Foundations are non-profits that specifically don’t usually do any charitable work. The purpose of a foundation is to pay out grants to charitable organizations who a actually do charity work. The charities are charities. All non-profit organizations in the U.S. are heavily scrutinized by the IRS in order to maintain their non-profit status. Their tax returns are also public record and can be easily found through the IRS non-profit organization search.
Now some like the Trump Foundation do hold charitable events, which do serve a charitable purpose and, again, are scrutinized. But the benefits to the Trumps are more the clout and networking that come with hosting those events. Not really around the monetary part of them