re: Explain Goodwill to me like I’m a 3 year old

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It's not a free donation, it's a tax write off

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I'm not an expert in the field of taxes and I forget what the threshold is for qualifying, but I don't think (from what I recall in my conversation with my CPA) that most people donate enough of their shite to even make a tax difference.

They do outreach and employ people who would struggle other places.

But the people running these places arent doing it just out of the goodness of their heart. They are being paid. But i think thats true of most everything, unless you are trump and give up your paycheck.

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Explain Goodwill to me like I’m a 3 year old

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People donate their old stuff, get a tax receipt

Goodwill sells what sell-able, ditches/recycled the rest

They use the money (allegedly) to fund job assistance and training programs

Goodwill is NOT a place for poor people to get free shite. It is NOT a emergency relief nonprofit like the Red Cross.

Its all about job training and placement and helping the community (allegedly)

My understanding is that goodwill will try to resell some of the better stuff through their store fronts. The majority of the clothing is sent to places like Africa.

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Explain Goodwill to me like I’m a 3 year old

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Its the money you pay for a business that is above the monetary value of the business itself. Goodwill is considered to be for the name, brand recognition, and customer base that the business comes with.

For an over simplified example, I want to buy a lemonade stand. The stand itself makes $100k net per year selling lemonade. The equipment and building are worth $300k as well. The Price I pay for the business is $500k. The extra $100k I spent is Goodwill ($300k for building and equipment, $100k for the profitability, $100k for Goodwill).

You then take that amount you paid for Goodwill and amortize it on the books over the next 15 years.

I hope that helps.

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The recycling provides employment to Goodwill's disabled employees. 30,000 disabled people who likely could not work anywhere else work at Goodwill.

So, no, sponging loafers who don't work cannot come in and get someone's free crap.

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This,

My cousin-in-law has Spina Bifida and works for them. He said a lot of his employees are disabled. So far he says it's a good company to work for.

Also, I shop Good Will stores all the time. It's fun. It's like a treasure hunt.

Don't walk in there looking for a specific thing. Just go in and browse around looking got hidden gems. I've found some nice stuff there for next to NOTHING.

I have a pair of Orvis shorts and a pair of Orvis pants that were practically brand new. Great fishing gear. I paid less then $20 for them both.

I've found that if you are patient and open to just looking, you'll find all kinds of good deals.

Paying retail on cloths, especially casual wear, is for suckers.

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So help me understand this business

People drop off shite every single day they do not want anymore and instead of taking all of the clothes, furniture, etc to people who are in desperate need of these items, they build massive stores and sell it to people who are not in desperate need of the items sold in the store?

Meanwhile, the higher brass (management) get nice paychecks and it’s a win/win for everybody EXCEPT for the desperate people who need the items that people “donate” for free?

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You ever try to donate to a halfway house or battered women's shelter, etc.? While it's definitely better, they often have a lot of restrictions on what they will take and what quality it is. Most don't take mattresses, furniture, etc. They want things unused.

Goodwill will take a mattress, will take used pots and pans, etc. While someone else shoudl get those things, it's actually pretty hard to find a good service that does it.

Go walk around a GoodWill retail store and see the patrons inside who can't afford half of the things in the store.

You will get it.

We sure work hard to get retarded citizens jobs because it supposedly helps them. Then we let lazy arse people do nothing and get a paycheck.
Should make them all go work at Goodwill or ring the fricking bell at walmart to get a check.

The goodwill across from beau chene neighborhood in mandeville is the spot. All the rich folk who live across the street bring in the good stuff to that good will.

You can get some nice designer clothes for cheap cheap there.