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Old 06-08-2005, 10:11 PM
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Hossfly
 
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Default RE: Interesting ?? AMA Financial Inf.


ORIGINAL: RC Hawk

//SNIP// Funneling $$$$$$$$ to other out lets is just common practice to make a proffit

Unfortunately, Mr. Hawk, what they (AMA/MA) are doing is perfectly legal under the provisions of IRC 501 (c) (3). Thanks to many changes made to the Code during the years 1993-2000, charitable organizations can cover many $$ from the actual non-related business activities to that of the parent organization. Makes for some fat institutions around DC. (and Muncie [>:])