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Posted
14 minutes ago, Ali Gator said:

One more thing about donations / charities...

DON'T EVER contribute to a charity when money is being collected by a big corporation.  When you're in the drive-thru at Dunkin' or McDonald's, or making a purchase at Whole Foods or CVS,  and they ask 'Do you want to round up your change and donate to XXXX ?'  The answer is NO - let them make their own donation with their own money (not YOURS) to collect their tax breaks on April 15.  The money you would be donating to the charity you bring home and set aside - and at the end of the year you make your own big donation and claim your own tax deduction for 'charity'. 

I just now tonight rounded up to the next dollar for dinner after they asked........I feel so...so dirty now......

Posted
2 hours ago, Ali Gator said:

One more thing about donations / charities...

DON'T EVER contribute to a charity when money is being collected by a big corporation.  When you're in the drive-thru at Dunkin' or McDonald's, or making a purchase at Whole Foods or CVS,  and they ask 'Do you want to round up your change and donate to XXXX ?'  The answer is NO - let them make their own donation with their own money (not YOURS) to collect their tax breaks on April 15.  The money you would be donating to the charity you bring home and set aside - and at the end of the year you make your own big donation and claim your own tax deduction for 'charity'. 

Charity isn’t all about tax deductions.

Posted
2 hours ago, Ali Gator said:

For big corporations like the ones I mentioned, it is. It definitely is. They want to pay as little in taxes as possible - and use OUR money for write-offs. 

I disagree, and invite you to find documentation to refute the article below. In fact, YOU should be keeping track of the “round ups” and writing it off.

The store serves only as a collection agent for your gift. Assuming the business is following the law, it will not include your donation as part of its business receipts, or income, nor will it claim the charitable gift as an expense. 

TAXPOLICYCENTER.ORG

If you’ve shopped recently at your supermarket, there’s a good chance you faced a choice at the checkout counter: Whether to give to a charity. But like so much...

 

Posted
Quote

Assuming the business is following the law, it will not include your donation as part of its business receipts, or income, nor will it claim the charitable gift as an expense

Right...because we are all confident in ASSUMING that these businesses are following the law. Yes, indeed. We are all confident that businesses follow the law and not their balance sheets or directives from their CEOs. Let's also assume the laws are straightforward and there are no 'loop-holes' for these businesses to march through when filing their taxes. 

I'll continue to not make assumptions and just say "No, thank you" when asked to 'round up'. I'd rather make my own donations and choose what to do with that donated money on April 15. 

 

Posted
On 11/4/2024 at 8:50 PM, ApexNomad said:

It’s not uncommon for charities to allocate a significant portion of donations to administrative costs rather than direct services.

This is true.

99% to executive salary ....not true.

Posted
36 minutes ago, pubic_assistance said:

This is true.

99% to executive salary ....not true.

1. The Cancer Fund of America (2015): 99% of the donations collected were spent on “fundraising expenses” and executive salaries, leaving a tiny fraction for actual charitable programs. Verdict: shut down.

2. The Children’s Cancer Fund (2016): 99% for “fundraising activities” and lavish salaries for its staff. Much like the Cancer Fund of America, very little of the donations were spent on direct assistance for children with cancer. Verdict: shut down.

3. The United States Fire Victims Fund (2017): This fund, which was supposed to help victims of fires, particularly in California, came under scrutiny when investigations showed that 99% of the donations went to “fundraisers” and staff salaries, leaving almost no money for victims. Verdict: shut down.

Etc.

As of now, that we know of, there are no widely publicized cases of major nonprofit organizations where 99% of donations go to executive salaries or administrative costs. However, there are still many small or less-known organizations that may engage in questionable practices, though they typically don’t attract the same level of attention unless they are caught in major investigations. 

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