this post was submitted on 17 Nov 2024
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Comic Strips
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Ah, this again.
The mega corporation did not receive any tax benefit from collecting donations. They are able to write off the amount of donations from their income, so that they aren't paying tax on the money they collected specifically to be donated.
I assumed this was true also, but I also believe the company is receiving some sort of kick back from this otherwise they wouldn’t be doing it.
The "kick back" is good PR.
And, if it's a big enough portion of the charity's funding, influence over the charity. But not tax breaks.