Non-Profit Ikea

http://www.futureofcapitalism.com/2010/01/non-profit-ikea

TaxProf has the details, via the Economist, of how the furniture giant Ikea is owned by a non-profit foundation dedicated to "innovation in the field of architectural and interior design." At $36 billion it's the world's wealthiest charity, and not particularly transparent. Other businesses owned by or closely linked to non-profits include fashion designer Geoffrey Beene, the food brand Newman's Own, and the St. Petersburg Times newspaper in Florida.

by Editor  |  Jan 26, 2010 at 1:44 pm Related Topics:  Non-Profits receive the latest by email: subscribe to the free futureofcapitalism.com mailing list