Gregory's Server@drmaddkap Yep, and then you'd take credit for your friend's donation.
(EDIT: originally said "and maybe even a tax write off." but it was pointed out that this is misinformation. I should have looked into that claim before posting it.)
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8 comments
 @thomasfuchs @NealBabcock @drmaddkap Our food coop does this with the receiving organizaiton (changes every month) on a sign on the wall. It's awesome. I have more than five dollars, and the coop doesn't have 20 times as much as I have.  @thomasfuchs @NealBabcock @drmaddkap But here’s the thing - for the mega corps that do this, they have hundreds of millions of dollars. But they want to “help” those of us who are broke to donate to charity. When they could do 1000x more good than all of us combined. It’s a way of generating good PR, while encouraging the poor to help the other poor.  @drmaddkap @NealBabcock I wasn't judging if it's good or bad what they're doing or the morals of it, just pointing out common misinformation that's very pervasive. Fwiw when my situation allows, I'm just donating directly to charities of my choice.  @drmaddkap @thomasfuchs @NealBabcock @drmaddkap Not all their customers are “poor”. Hope this helps. Kinda weird that denying the company a meaningless press release is the most important thing for you. Presumably you only donate if *you* get the kudos, which makes me wonder about your intention in donating. @NealBabcock @drmaddkap @thomasfuchs most corporations find that donations to charity raise their profile and goodwill in the community … good for the bottom line. Overhead to collect and channel donations costs them for logistics … thats a donation. This is to the good of the those receiving the funds. And is enlightened self interest for the company. Anyone who is so broke they need to pick this process apart… is not in a position to donate… |
@NealBabcock @drmaddkap It's not a tax write off nor do companies make any profit from it or save taxes or make money in any other way.
Technically it's a pass-through donation, so YOU YOURSELF can do a tax write-off for it.
The money is never "owned" by the company collecting it on your behalf.