Winston recently became the treasurer of Homeless, Inc., a 50I(c)(3) organization that feeds individuals...
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Winston recently became the treasurer of Homeless, Inc., a 50I(c)(3) organization that feeds individuals who are in challenging circumstances. One of the entity's directors has proposed that Homeless purchase and operate a fast-food franchise, to raise additional revenue (a projected increase of 45%) for its charitable mission. Because the earnings generated by the fast-food franchise would be tax-exempt, substantial additional net revenues would be provided. How should Winston respond?
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