Thanks, Mike, for bringing this ruling to our attention. For those of you
who are concerned with how joint ventures between 501(c)(3) groups and
for-profit entities should be structured to protect the tax exempt status of
the 501(c)(3), this is indeed worthwhile reading. Although it does not (in
my view) break any new ground, it does summarize and apply the applicable
law quite nicely.
I had trouble using Mike's link to get to the ruling, so I offer this one as
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