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re: are "donations" to Good will tax deductible?
Posted on 6/12/14 at 1:34 pm to VOLhalla
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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