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What distinguishes benefit corporations and activities from profit corporations and activities in the field of culture? Why are the latter considered commercial and taxable, while the former are considered philanthropic, are tax-exempt, and their donations are accorded tax-deductibility?
The criterion is not a line but a plane-a two-dimensional field, extending from entertainment to education, and from private profit to public benefit. The education public-benefit range in each dimension is considered to merit public support.
Placement on that field is by institution, not event. Very few commercial projects are sufficiently educational and beneficial to merit public support, no matter who sponsors them. Very few benefit corporations have endowments and other earned income so large that they no longer need charitable donations.
Small cultural institutions like these in the Catalog, however, need philanthropy-like yours-to survive. Please support them for our common good.
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