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Joe Boland
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Nonprofits shouldn't be averse to this type of arrangement because the case law reflects very few examples of these taxes actually being levied, Lane says.
"It can open the floodgates of private capital," Lane says. "Nonprofits are heavily dependent on government contracts, and the government is facing challenges. Nonprofits are dependent on philanthropy, but philanthropy is not up to the task of keeping up with the need. Charities can diversify their funding streams by generating earned revenue."
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Joe Boland
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