[WikiEN-l] Donation banner and strongly negative reactions

[geni]

2008/11/11 Anthony <wikimail at inbox.org>:
> Don't forget the private foundation excise taxes.  A 501(c)(3) which relies
> solely on interest income to support its needs, fails the public support
> test.
>
> Where can you safely get 5% interest, anyway?  The 30-year bond is around
> 4%.  Long-term municipal bonds are around 5%, but they're not totally safe
> nowadays.  And this is, as Gregory pointed out, before inflation.  The
> chance that the US is going to start adding zeros to its dollar bills in the
> next 30-years is non-negligible.

Those numbers were thrown together to show that even with some very
generous assumptions the approach was impractical.


-- 
geni