Vanity projects or ways for rich people to defer more money they should be paying as tax to orgs run by / made up of their friends & family.
Re:Recovering from Burnout and Depression
by neuromantik8086 on Friday May 12, 2017 @03:17PM
(#14327011)
True, although using non-profits for tax evasion doesn't really work out that well if you die. iirc, HHMI was originally supposed to be a tax evasion vehicle, but started becoming a serious research venture after Howard Hughes expired.
[edit]: To clarify, I'm not making the claim that all non-profits are vanity projects, just that there are many out there that are. If you ever do want to work in the non-profit sector, doing some due diligence before applying for a job is a must (I recommend obtaining the publicly reported financial records for a non-profit in Form 990; what a non-profit's founder pays him/herself relative to the average employee speaks volumes about their moral character).