AngryParsley comments on Normal Cryonics - Less Wrong

58 Post author: Eliezer_Yudkowsky 19 January 2010 07:08PM

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Comment author: ciphergoth 20 January 2010 08:24:24PM 10 points [-]

Sorry if this is a tedious question. Just started the conversation with my family in a more serious way after looking up life insurance prices (think it's going OK so far), and there's something I wanted to ask so that I know the answer if they ask. Do you have shares in Alcor or CI, or any other interests to declare?

Thanks!

Comment author: AngryParsley 21 January 2010 04:22:53AM *  3 points [-]

Alcor and CI are both 501(c)(3) nonprofits. From the IRS guide to applying for tax-exempt status:

A 501(c)(3) organization:

...

  • must ensure that its earnings do not inure to the benefit of any private shareholder or individual;

  • must not operate for the benefit of private interests such as those of its founder, the founder’s family, its shareholders or persons controlled by such interests;

The only people making money off this are the employees (all 15 of them between CI and Alcor) and the life insurance companies. The rest of us have to settle for a warm fuzzy feeling when people sign up.

ETA: Correction. CI is not a 501(c)(3), just a regular nonprofit. Thanks ciphergoth.

Comment author: ciphergoth 21 January 2010 12:34:09PM 1 point [-]

Actually, the CI is not a 501(c)(3) though it is a non-profit.

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