Your client, Richie Rich, as come to you for advice. Richie isinterested in many social welfare issues, such as welfare reform,abortion rights, and access to higher education. He wants to usehis great wealth to educate the general public on these issues, andto influence related legislation, including helping finance thecampaigns of political candidates who reflect his views. Richieâsbutler, Stu, suggested that he organize a §501(c)(4) organization,because such organizations are not only tax-exempt, but they do nothave to disclose the names of their donors so Richie couldparticipate anonymously. From his reading, Richie believes such anorganization must be operated exclusively for the âpromotion ofsocial welfareâ which would seem to preclude the lobbying andpolitical campaigning support that he desires. Is a §501(c)(4)organization appropriate for Richieâs plans? Research and summarizeyour findings here. What is your recommendation for Richie?
Your client, Richie Rich, as come to you for advice. Richie isinterested in many social welfare issues, such as welfare reform,abortion rights, and access to higher education. He wants to usehis great wealth to educate the general public on these issues, andto influence related legislation, including helping finance thecampaigns of political candidates who reflect his views. Richieâsbutler, Stu, suggested that he organize a §501(c)(4) organization,because such organizations are not only tax-exempt, but they do nothave to disclose the names of their donors so Richie couldparticipate anonymously. From his reading, Richie believes such anorganization must be operated exclusively for the âpromotion ofsocial welfareâ which would seem to preclude the lobbying andpolitical campaigning support that he desires. Is a §501(c)(4)organization appropriate for Richieâs plans? Research and summarizeyour findings here. What is your recommendation for Richie?
