Reddit to Give 10% of Its 2014 Ad Revenue to Non-Profits Picked by Its Users

Re:Reddit to Give 10% of Its 2014 Ad Revenue to Non-Profits ... by gojomo on Friday February 28, 2014 @10:43PM (#7323017)

At least in the US, non-profits may make a profit, it's just that they can't have owners who receive the profits (or managers/insiders who receive undue compensation). Any profits must remain within the organization and dedicated to its mission.

(Although "non-profit" is the common name, in this sense it's better to think of it as shorthand for "not for profit", meaning that achieving financial profits for its owners/insiders is not its legal purpose.)

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Re:Reddit to Give 10% of Its 2014 Ad Revenue to Non-Profits ... by hk__2 on Saturday March 01, 2014 @09:08AM (#7324228)

Same in France, non-profits are allowed to make profit but you can’t plan it (you’re supposed to plan that you’ll spend as much money as you receive but it doesn’t always happen) and you can’t give it to your people. (source: I run a non-profit)

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