Can a for-profit corporation own a non-profit corporation?
1. Apply for grants from private foundations as well as local, state and federal govt.
2. Give away a percentage (up to 25%) of my for-profit corp's profits as well as grant monies received to the needy, poor or underprivileged.
3. Limit my personal and for-profit tax liabilities while doing all of this.
Any suggestions would be greatly appreciated.