Cooking books and falsifying projections is fraud.
Asking for investments with a clear disclaimer that the goal is a social good that won’t be profitable? If that’s fraud, then every major arts institution everywhere is guilty.
There is a reason we usually use the word donation in that context. And don’t call it investments. As those tend to be associated with an expectation to be paid back times x.
If you want money to provide a social good without the expectation that the money will be paid back, you're asking for a donation. You can also ask for money as a loan, fee for service, etc.
But an actual investment isn’t “investing in our community” it’s asking for money in exchange for to potential to gain more money etc.
Cooking books and falsifying projections is fraud.
Asking for investments with a clear disclaimer that the goal is a social good that won’t be profitable? If that’s fraud, then every major arts institution everywhere is guilty.