X-Message-Number: 6052
Newsgroups: sci.cryonics
From:  (Brad Templeton)
Subject: Re: Cryonics researchers are a bunch of amators
Date: Mon, 8 Apr 1996 21:56:30 GMT
Message-ID: <>
References: <4k293p$> <4k650j$>

In article <4k650j$>,
> While the rest of Mr. Bridge's post is a good description of how much
>Alcor currently differs from an organization out to make a quick buck,
>this implication that non-profit status somehow prevents Alcor from
>becoming such an organization is absurd. The fact that the money wouldn't
>be legally classified as profits doesn't prevent people from getting
>arbitrarily high salaries. Only competition and carefull checking of
>reputations by customers can keep cryonics free of scams.

Half right, I think.  I don't think non-profits can pay arbitrarily
high salaries, there are limits.   Not that they can't be high, and of
course many non-profits have come under criticisms for salaries that are
too high, though below the legal limits.

Frankly, non-profit status is often not worth it.  Many people get it just
to be able to tell people they are non-profit, but they go through a lot
of paperwork to do it.

In the case of a cryonics org, it of course expects to be paid a good sum
for suspension, and to save away some of this to pay for long-term suspension
and eventual revival.   Without clever tax planning this could result in
paying tax today on the money that you plan to spend over a century, which
would be crippling.  I would venture one might be able to report the
liability for suspension on the books in some way to cut out the taxes, but
I am not an accountant.   If you can't, then non-profit makes a lot of
Brad Templeton, publisher, ClariNet Communications Corp.	 
The net's #1 E-Newspaper (1,300,000 paid sbscrbrs.)  http://www.clari.net/brad/

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