Thank you for your question. Please permit me to assist you with your concerns.
My apologies but that is simply not possible. One of the conditions of any S-Corp is that an S-Corp cannot own or be owned by other artificial entities. An S-Corp cannot create a for-profit or a non-profit entity 'under' itself because an S-Corp has to be a standalone entity--an S-corp can contract with other entities but cannot control or own others. You would need to create a whole new entity purely for non-profit needs if you choose to pursue this option in this case.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).