Poverty programs, housing projects, a new school, a golf course every new group activity seems to call for a new non-profit corporation. And hardly a day goes by without a new foundation appearing on the scene. Why? Protection against potential liabilities. Perpetuation of support for one's interests. Tax benefits. A requirement to obtain financing. An entity to receive and administer a grant. Ease of using well established procedures. For whatever reason, it's done every day. In Ohio alone, last year, 1,773 non-profit corporations were formed.
Seth Taft, Control of Foundations and Other Non-Profit Corporations, 18 Clev.-Marshall L. Rev. 478 (1969)
Interdisciplinary - Law Symposium