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Old 04-29-2019, 04:50 AM   #1
MIN44
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Default Can one 501 (c) (3) "own" another with similar missions?

Florida

Can one 501 (c) (3) "own" another with similar missions?

Thank you!
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Old 04-29-2019, 03:36 PM   #2
AFFA
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Default Re: Can one 501 (c) (3) "own" another with similar missions?

I wish to inform you that in the sense of retaining ownership of a second entity, a nonprofit may not own another. A nonprofit can participate in an umbrella of sorts for particular purposes. It can also form subsidiary organizations that are not stand-alone nonprofits.

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Old 04-29-2019, 06:27 PM   #3
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Default Re: Can one 501 (c) (3) "own" another with similar missions?

hmm

I am not sure that above is correct...
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Old 04-29-2019, 06:27 PM   #4
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Default Re: Can one 501 (c) (3) "own" another with similar missions?

My sister used to run three that were related.

Maybe others can comment.
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