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Direct the IRS to research so-referred to as nonprofit colleges which might be violating the statutory necessities for nonprofits: Many so-referred to as nonprofit schools – together with charter faculties – operate alongside intently held, for-profit service suppliers. Others are run by for-revenue companies that siphon off income from college students and taxpayers. The IRS should investigate the nonprofit status of these colleges and refer instances to the Tax Fraud Division of the Division of Justice when acceptable. I would also apply my plan’s ban on for-revenue constitution colleges to any of those so-referred to as nonprofitâ€ colleges that really serve for-profit pursuits And my plan would ban self-dealing in nonprofit faculties to prevent founders and directors from funneling assets to service suppliers owned or managed by their relations.
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