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by asadotzler
859 days ago
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Corporation profits don't go to the Foundation. That's not allowed. The Foundation owns the Corporation and you are correct that MoCo ultimately answers to MoFo which is their full owner, but tax law doesn't let a non-profit create a for profit to generate funnel commercial activity cash back to the non-profit as that defeats the purpose of having non-profits and giving them tax exemptions, so the Mozilla Foundation gets its money from fundraising while the Mozilla Corporation gets its money from commercial agreements. Those pools of money are almost entirely separate. Your overall point stands. MoCo ultimately answers to MoFo in the big picture. |
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