A new organization called the Global Fund for Emerging Scholars has formed a partnership with Bridge International Academies, a for-profit Group funded by Bill Gates, Mark Zuckerberg, Pearson, the World Bank, etc. BIA has opened schools in several African nations and is highly controversial because it operates for-profit and takes on the role of the government. They get higher scores than public schools but they only want fee-paying students, and the cost is very much higher. The Global Fund will raise money to fund the for profit BIA.

One wonders why BIA operates for profit when it is backed by billionaires. Why don’t they just open free schools on poor countries?

One also wonders if it is legal for a non-profit to raise money for a for-profit?

The Global Fund for Emerging Scholars is seeking an official nonprofit status from the IRS.

But nowhere on its website does it say who is behind it. Who is on the Board? Who are the Founders? Is it BIA?

The Global Fund says they’ve filed for 501c3 status but if they get it, it might be in direction violation of the law.

The IRS could not be more clear about this: https://www.irs.gov/charities-non-profits/charitable-organizations/inurement-private-benefit-charitable-organizations