For some business groups, the 501(c)(3) can promote education, research or allow industry members to make charitable impact Butler Ewell Schmit The closest thing millions of children have to an actual Santa Claus is the Toy Industry Foundation. Every year the foundation distributes toys to as many as 2 million children across the U.S. TIF—the charitable arm of the Toy Industry Association—gives playthings to foster kids, children in military families, kids whose parents are in trouble with the law and other needy children. So why does the association even have a charity? It's true that large toy companies, such as Hasbro and Mattel, have their own charities,… Read More