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Started By
Message
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Posted on 6/12/14 at 11:11 am to VOLhalla
quote:
You would have to register as a nonprofit organization. Donating to for profit organizations is not tax deductible.
This
Posted on 6/12/14 at 11:19 am to VOLhalla
Would that be a 501C3? Or along those lines.
NM, just noticed alatgr's post.
NM, just noticed alatgr's post.
This post was edited on 6/12/14 at 11:21 am
Posted on 6/12/14 at 1:34 pm to VOLhalla
quote:
You would have to register as a nonprofit organization. Donating to for profit organizations is not tax deductible.
Yet Goodwill is a for profit company?
So that is why I posed this question.
Even a non-profit keeps profits, as they pay their CEO's. It just confuses me.
I would donate about 33% of all incoming donations directly to charity.
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