Francis is the CEO of Give, Inc., a § 501(c)(3) organization.Francis informs you that the will of a major donor transfers 100% of the stock of Friendly Hot Dogs to Give, Inc.Since Friendly is a profitable entity, Francis would like for Give to continue to own and operate Friendly Hot Dogs.You inform Francis that Friendly would be a feeder organization.Describe for the CEO what a feeder organization is and how it is taxed.

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The Answer of Francis is the CEO of Give, Inc., a § 501(c)(3) organization.Francis informs you that the will of a major donor transfers 100% of the stock of Friendly Hot Dogs to Give, Inc.Since Friendly is a profitable entity, Francis would like for Give to continue to own and operate Friendly Hot Dogs.You inform Francis that Friendly would be a feeder organization.Describe for the CEO what a feeder organization is and how it is taxed.

Francis Is the CEO of Give, Inc