But that---a $50m donation from an individual, then sustaining the organization off investing that donation---is exactly what, whether it makes sense or not, a public charity in the US is usually not allowed to do. That would make it a private foundation in the eyes of the IRS.
With that said, if I'm interpreting their 2019 filing correctly, it appears that they are making enough in donations that they may have a legitimate claim to being able to eventually repay the loan, and they are now including imputed interest on the (interest-free) loan as revenue.
cge|4 years ago
With that said, if I'm interpreting their 2019 filing correctly, it appears that they are making enough in donations that they may have a legitimate claim to being able to eventually repay the loan, and they are now including imputed interest on the (interest-free) loan as revenue.