Hacker News Reader

Not for profit.

Covers full charities, and other legal statuses like public beneficials etc.

NFP = Not For Profit

People usually call i t NGO for non-government organisation. Not For Profit is just another euphemism. In casual conversation people usually say nonprofit. Or if they feel fancy, a 501.c3 nonprofit. In the US. Not sure how these work in other countries.

Try the likes of the Hans Wilsdorf Foundation, the beneficial owners of Rolex who operate under the guise of a charity.

There is no requirement to disclose financial or charitable donations under law, and the company pays no corporate taxes as a result of being owned by the Foundation.

Tbf, that's a common bordering on default corporate setup in DACH in order keep ownership within the family [0], and in my opinion, symptomatic of why a number of German industries have been falling behind.

Some amount of creative disruption is needed to incentivize innovation, but there are roadblocks against that created by the families who ancestors took advantage of creative disruption 50-70 years ago.

Bosch, Thyssenkrupp, Aldi, Lidl, Bertelsmann, etc all do that.

[0] - https://www.lexology.com/library/detail.aspx?g=f1b666a8-1257...