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granzymestoday at 1:25 AM1 replyview on HN

This is not correct. jongjong is correct that a nonprofit does not have owners in the sense that a for-profit has owners. Nonprofits are dedicated to their mission, and are run by a board of directors.

You cannot have a % ownership in a nonprofit because its resources must be used exclusively to carry out its mission. You could have a % control in its decision making process.


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tptacektoday at 3:23 AM

They're correct about the equity ownership bit, but not in their argument that there's an implicit public claim of control.

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