Wednesday, March 19, 2008

501(c) - Wikipedia, the free encyclopedia

501(c) - Wikipedia, the free encyclopedia: "private"

OK: this gets a little sticky, and Wikipedia's not the Ivy League choice of reference, but when I asked Spencer Robinson whether he didn't feel there was a conflict of interest operating a private business in a public school (and asked whether most private businesses asking for investment backing wouldn't need to secure a definite site of operation before they'd be able to convince investors that they were stable), he got all flustered and tried to make it sound like his charter school was a public business...

Charter schools are often 501(c)3 organizations - that's the designation for educational organizations - and they're also PRIVATE organizations. For all the gory details on tax exempt status, etc., click the link above.

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