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by ThrowITout4321
1485 days ago
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No, but it's troubling to know that some of these non profits will live forever. I can setup a foundation whose goal is to fund an ugly aspect of society. If I give it enough money the foundation can live forever thru wise investments of its endowment. There would be nothing to stop it from doing its work forever. The foundation can even influence political causes by funding research that support the foundation's cause. The tax except foundation can't directly lobby but it can fund research that will have a political impact. Charitable foundations should have a finite number of years to do their work. |
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The Prohibition Party is still around because of a trust that funds them indefinitely.
But nobody cares about the Prohibition Party.
Some ecclesiastical organizations have this sort of perpetual funding. Sometimes via taxes, and sometimes investments.
But it doesn’t make the organizations insanely powerful. The Catholic Church in Germany is hardly a political player.
Trinity Church in New York has a billion dollar endowment. They’re not big players in the US religious landscape.
Real power requires more than money.
It seems what it does is ensures some person 150 years from now will have a cushy job with little power or responsibility, but lots of cash.