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Non Profit used as Conduit for a For Profit Entity?
Hi everyone. In addition to real estate investing I also run a nonprofit youth mentoring organization. any CPAs out there who can answer the following question ?
Can our Non Profit legally serve as a "conduit" for a for profit company? we've been approached by a for-profit company who's owner has been supporting our nonprofit organization for many years (we've been in existence for 20 years). The Money given to the For Profit company (via our non profit) woukd be used to "save their business" during this Covid-19 shutdown. They are not an essential business. If so, can we be compensated by the For Profit business for serving as the conduit ? any direction anyone can give me on this is very much appreciated.