About Pearson, the Golden Goose State Standards, And Then Some

deutsch29

On December 13, 2013, Pearson, Inc., agreed to pay a $7.7 million settlement for allegedly using its nonprofit, Pearson Charitable Foundation (PCF), to assist its profit-making parent corporation in developing educational materials– including software.

In this post, I would like to offer additional discussion of Pearson the For-Profit, Pearson the Nonprofit, and some friends both have made along the Common Core way.

I’ve been reading tax forms again.

Allow me to begin with a word about nonprofits.

Nonprofits 101

Any corporation is able to start its own foundation– the idea being that the foundation provides an opportunity for the corporation to spend charitably– and garner a tax break for doing so.

Under the US tax code, foundations fall under 501(c)— tax-exempt organizations. The tax-exempt code specific to public charities and private foundations is 501(c)3.

The 501(c)3 nonprofit is limited in its ability to lobby since contributors are allowed to deduct…

View original post 1,193 more words

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