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

Posted on 12/14/23 at 4:54 pm to
Posted by White Bear
Yonnygo
Member since Jul 2014
16422 posts
Posted on 12/14/23 at 4:54 pm to
It’s a charitable organization.
Posted by chinhoyang
Member since Jun 2011
25085 posts
Posted on 12/14/23 at 5:02 pm to
quote:

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?


It sounds like what you want is a business that takes in donated goods and gives them to the non-working loafers, junkies and other non-contributors to society.

Goodwill, on the other hand, employs 30,000 generally unemployable people by selling the donated items.
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
16997 posts
Posted on 12/14/23 at 5:05 pm to
You give them stuff for free.

They turn around and sell it.

Then they buy prime real estate and build brand new buildings.

That’s what I’ve seen in my area.
Posted by MikeD
Baton Rouge
Member since Jan 2004
7893 posts
Posted on 12/14/23 at 9:01 pm to
quote:

Basically it would be better if we as a society didn’t but so much clothes and instead bought nice stuff and wore it until it was worn out. Fast fashion is bad for the environment (and I am far from a tree hugger).


100% true. Consumerism is a plague.
Posted by Martini
Near Athens
Member since Mar 2005
49303 posts
Posted on 12/14/23 at 9:07 pm to
quote:

I often carry around bags of clothes that I don't wear anymore. I offer them to the hobo's on the side of the road. More often than not they tell me to frick off. Some take them. If they don't I take them to goodwill.



I carry around a bag of ketchup and mustard packs and give them to hobos. That way if they get that food they will work for they already have the condiments.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
75820 posts
Posted on 12/14/23 at 9:10 pm to
quote:

With the standard deduction so high these days, you would have to donate so much to actually hav


Unless you have enough in other write offs and a smaller amount puts you over the top.
Posted by Westbank111
Armpit of America
Member since Sep 2013
3721 posts
Posted on 12/14/23 at 9:17 pm to
An extra note on the tax implications: I’ve been told by my CPA that anything claimed over $2,500’ish in donations can raise a red flag on tax filings.

Take it for what it’s worth, I’m not sure if he is correct or trying to be over cautious?
Posted by Turnblad85
Member since Sep 2022
3267 posts
Posted on 12/14/23 at 9:27 pm to
quote:

build massive stores




I was at the one near Grayton Beach, Fl and was a little surprised and how large of a store they were in and in such prime real estate along 30a. Maybe they didn't build it and its repurposed or renting but if they bought the land and built the huge building, then its probably approaching a million. Seemed a bit excessive for a non-profit.
Posted by GeauxTigers123
Member since Feb 2007
2473 posts
Posted on 12/14/23 at 9:46 pm to
quote:

100% true. Consumerism is a plague.



In addition to clothes, shoes are another area of giant waste.

Used to people wore shoes that could be resoled. Now even what used to be considered nice companies (Cole Haan, Johnston and Murphy, and such) sell a bunch of glued on junk that people just throw away when they are done.
Posted by mmcgrath
Indianapolis
Member since Feb 2010
36649 posts
Posted on 12/14/23 at 10:08 pm to
quote:

NO. I am asking a legit question.
No you are not. A ton of posters gave you straight answers and you are ignoring them
quote:

I do enough charity work
I'm calling bs here. You don't trust anyone because you are a paranoid freak who thinks everything is a conspiracy.
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
60819 posts
Posted on 12/14/23 at 10:18 pm to
quote:

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


Not really unless you contribute more than the amount your standard deduction ($27,700 MFJ). If you're showing up at your tax preparer's office with those little cards from Goodwill, etc, you're wasting their time. The same goes for your property tax bills, charitable cash donations, mortgage interest and church tithe statements.
This post was edited on 12/14/23 at 10:20 pm
Posted by FLTech
the A
Member since Sep 2017
21902 posts
Posted on 12/15/23 at 7:39 am to
Everything is a conspiracy. Don’t believe me? Look how fricked up our country is these days.

And you avoided my question. How and why are they building million dollar stores all over the country?
This post was edited on 12/15/23 at 7:40 am
Posted by liz18lsu
Naples, FL
Member since Feb 2009
17698 posts
Posted on 12/15/23 at 7:45 am to
Where else can I buy a child's size 8 pair of shorts for $3? Our Goodwills here are amazing.
Posted by ConfusedHawgInMO
Member since Apr 2014
3578 posts
Posted on 12/15/23 at 7:45 am to
quote:

So help me understand this business


You pull up and they unload all the crap you don't want anymore. You leave.
Posted by ConfusedHawgInMO
Member since Apr 2014
3578 posts
Posted on 12/15/23 at 7:54 am to
quote:


Not really unless you contribute more than the amount your standard deduction ($27,700 MFJ). If you're showing up at your tax preparer's office with those little cards from Goodwill, etc, you're wasting their time. The same goes for your property tax bills, charitable cash donations, mortgage interest and church tithe statements.



That was the best part about when they increased the standard deduction... I didn't have a cheat on itemizing.
Posted by TigerFotKnocker
Member since Nov 2023
15 posts
Posted on 12/15/23 at 8:05 am to
In accounting it’s the valuation of a business
Posted by Twenty 49
Shreveport
Member since Jun 2014
20162 posts
Posted on 12/15/23 at 8:25 am to
OP asked that we explain Goodwill to him, then he proceeds to give his explanation based on incorrect assumptions.

Goodwill uses the store proceeds to support their mission, which includes creating many jobs for the mentally and physically challenged. I have worked in a building where Goodwill workers were the janitorial crew, and they did good work.
Posted by Dragula
Laguna Seca
Member since Jun 2020
6031 posts
Posted on 12/15/23 at 8:28 am to
quote:

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


Huge write off for used t-shits and shite stained boxer shorts.

For 99% of people, they will still use standard deduction.
Posted by CleverUserName
Member since Oct 2016
14604 posts
Posted on 12/15/23 at 8:36 am to
quote:

So help me understand this business


You take junk worth at most 20 bucks. They give you a blank slip to write in that it was worth 500 bucks. You write that off on taxes if you itemize.

No one knows what else really happens nor cares for the most part.

It’s like being a congressman for 2 seconds.
This post was edited on 12/15/23 at 8:37 am
Posted by Pandy Fackler
Member since Jun 2018
19781 posts
Posted on 12/15/23 at 8:52 am to
quote:

Isn't there two goodwills in Mandeville, kinda close?

The bigger one has the better stuff.


There's one in Madisonville and Mandeville. I picked up some terrific sizzle platters at the Mandeville location.
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