A hypothetical: a nonprofit develops a valuable, proprietary SaaS platform. Customers love it, but the organization needs significant resources to properly develop, scale, and distribute the technology. At some point, leadership comes to the conclusion that they are the wrong organization to grow and shepherd this platform. Perhaps they lack an internal development team that can properly follow through on their technical roadmap. Perhaps they want to focus on their core compe

"RICHMOND, Va., July 14, 2022 /PRNewswire/ -- Great Minds PBC®, the developer of widely used, highly regarded PK-12 curricula, today announced that A-Street, an investment fund focused on seeding and scaling innovative student learning and achievement solutions, has invested $150 million into Great Minds, comprising $100 million of newly issued shares to accelerate expansion of the company's offerings and $50 million to acquire a stake from the company's majority stockholder,

“A nonprofit can sell anything it owns. If a nonprofit owns a piece of land, for example, and it wants to sell that land so that it has more money to spend on its mission, it’s all good. If the nonprofit sold the land for well below market value to the director’s nephew, it would be a clear crime, and the IRS or the state’s Attorney General might well investigate. The nonprofit has to sell the land at a fair market price, take the money, and keep using the money for its nonpr