Quote:
Originally Posted by kddani
Foundations deal with managing the charitable aspect of the sorority - its donations to various causes, etc. Not with the every day deals of where to colonize and where not to.
|
I'm guessing that NPC organizations do things a bit differently here... but I don't see how that has to necessarily be the case across the board. There are ways to use foundation money to help fund non 501(c)(3) qualified expenses such as housing.
For example, a 501(c)(3) foundation can write the local/national house corporation a mortgage on a property (at an interest rate around that which would have been found in an arm's length transaction). The foundation can actually 100% fund some aspects of a chapter's facility. To state across the board, unless this is an NPC thing, that the foundations only deal with managing the charitable aspects of their organizations is not 100% accurate. Again, that might be an NPC thing, which I have no clue about, but I can't imagine the umbrella organization would govern what their constituents' foundations could do.
I could plausibly see a foundation playing a big role in expansion. Especially if they're working with some sort of national house corporation.