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Giving a Business Money for Charity?
Posted on 11/22/13 at 6:07 pm
Posted on 11/22/13 at 6:07 pm
I have heard that when you get asked to donate a dollar or so at a checkout counter the business claims it for themselves as a charitable contribution.
Two ways I see this happening none of which I like:
Likely: End of year they issue a statement saying how much THEY gave to charity when in actuality its a combination of company's money and an accumulation of peoples 1 and 2 dollar donations.
Not as likely: They are somehow able to use donated money in a tax-deductible way.
Anyone know the what the deal is? Am I way off?
Two ways I see this happening none of which I like:
Likely: End of year they issue a statement saying how much THEY gave to charity when in actuality its a combination of company's money and an accumulation of peoples 1 and 2 dollar donations.
Not as likely: They are somehow able to use donated money in a tax-deductible way.
Anyone know the what the deal is? Am I way off?
This post was edited on 11/22/13 at 6:10 pm
Posted on 11/22/13 at 11:11 pm to ShubutaMS

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