Donating to charities

[FullMotoJacket]

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

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).

 

[FullMotoJacket]

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.........

 

[nobbie48]

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.

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