When Revenue and Purpose Pull in Different Directions: Incentive Design Lessons from Word Investments (2008)
The High Court in Word Investments showed that commercial activity does not override charitable purpose when incentives are structurally aligned. This article explains how incentive design shapes legal character.
When Activities Look Mixed: Why Role-Separation Matters in Charity and Business Structures
Word Investments shows why role-separation and transparent financial pathways matter. Mixed activities can be mistaken for mixed purposes unless structure keeps each function visible and independent.