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What stops the board of trustees from firing Gates from Gates Foundation?

The mega-billionaire Bill Gates, even after all he's already donated, and after his divorce, is still worth $113 billion, and has pledged that almost all of it will go to charity at or before his ...
Jamin Grey's user avatar
3 votes

Does OpenAI get any tax benefits from its organization structure?

OpenAI, Inc. and OpenAI GP, LLC pay no federal income taxes and are usually exempt from state income taxes, and often state and local sales taxes and property taxes as well. Donations to OpenAI, Inc. ...
ohwilleke's user avatar
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7 votes

What stops the board of trustees from firing Gates from Gates Foundation?

Bill is one of the two co-chairs of the board of trustees of the Bill & Melinda Gates Foundation. The board can only act through majorities that include both co-chairs. If Bill does not want to ...
Jen's user avatar
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5 votes

is setting up customer company as a merchant processing agent and paying them with profits legal?

united-states We don't have enough facts to know from the facts of the question. But under U.S. law, there is a real possibility that this is an illegal Ponzi scheme. Primarily, the question of ...
ohwilleke's user avatar
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3 votes

Can the subsidiary be a party to the contract signed by its parent here?

If they were a successor, administrator, executor, or assignee A subsidiary company would not normally be one of those but there’s noting preventing them from becoming one - most likely an assignee.
Dale M's user avatar
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2 votes
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Why would a 501(c)(3) nonprofit organization run its major operations in an LLC?

Background On February 21, 2018, Moxie Marlinspike and WhatsApp co-founder Brian Acton announced the formation of the Signal Foundation, a 501(c)(3) nonprofit organization. The foundation was started ...
ohwilleke's user avatar
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