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Reply to "Are people secretive about their FA status at your private school?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]1. Private schools have to have financial aid recipients in order to secure their non profit tax status. [/quote] This is not true.[/quote] So what is it that maintains their non for profit status? [/quote] What you said it true, but in a roundabout way. The filing doesn't require that you check that box off, but one way to show your charitable status is to show that you award grants, financial aid and such. [/quote] You don't need to have a charitable purpose to qualify under 501(c)(3). You could just have an educational or religious purpose.[/quote]
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