Donating to charities

nobbie48 said:

Do they get a tax credit for the money other people have donated?

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Don't forget compounded interest from when the money goes into the till at the store until it's finally handed over to the charity (minus expenses and a small handling fee, of course).

Walmart cashier: Would you like to donate to the Walmart Save the Shrimp! campaign?

Me: Each one of the Waltons is worth 11 figures, minimum. They have a doomsday bunker in Arkansas worth half a billion dollars they built just in case things go sideways and the rest of us try to eat them. They can make a donation for me. It's not like they can't afford it.

Then again, there's a good reason why they can afford it.........

crankcall said:

Yes but first you invest that hundreds of thousands of money , peel off the interest , then the administrative costs of collecting which when done right cost your company nothing .
Don’t get me wrong , the money eventually gets somewhere and does good , raising the companies profile and helping whomever. But they don’t work the free . You create a “foundation” to administer the money . Charity work has gotten expensive.


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I know a bunch of redneck Republican Americans that are 100% against administered charities because the systems get abused.

However, they are 100% there for people they know and trust. They set up turkey shoots or bike runs to help a person down on their luck.

The problem with that system is that when a person needs more than a passing of a hat, the system often fails. Around Jane Finch where there are needs the pot is meager. In Rosedale / Forest Hill the pot would be massive but the chances of needing it are slim.