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re: Crowd funding oportunity if you like cold brewed coffee
Posted on 6/21/16 at 11:04 am to Y.A. Tittle
Posted on 6/21/16 at 11:04 am to Y.A. Tittle
quote:
Who knows? Hell, I don't really get the whole crowdfunding thing period. Let me INVEST in something if the idea is good enough.
At least with products, crowd funding is great for early adopters who want to try new try things at cheaper than retail price points. From the inventors perspective, it's great not having to give up more equity to get more funding. And it's a great marketing tool.
What I don't understand is crowd funding for nonprofits I could otherwise donate directly for some tax benefit.
1
Posted on 6/21/16 at 11:15 am to Parrish
quote:
What I don't understand is crowd funding for nonprofits I could otherwise donate directly for some tax benefit.
Slight hijack, but only itemizing filers benefit from a charitable deduction for philanthropic gifts. Esp for small nonprofits, an online campaign through a crowdfunding source is easy to mount...and most modest-dollar donors can't take the deduction anyway.
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