Why do they never offer to match donations? I’d probably consider it if they did.
Because you’re giving them money that they then donate and claim as their own. It’s a way to get around actually donating money from their profits, while making it look like they’re donating a ton for the tax write off.
That’s not how it works, at all. Businesses can’t claim donations they collect on behalf of a charity as a deduction.
A friend in the field had told me that they preemptively make donations to offset their taxes. Let say it’s 1million dollars. they put up 1 million dollars of their own money, then they gather donations at the till towards this charity to pay themselves back for the money they spent.
Again just what I’ve heard.
Your friend is wrong, or the company he works for is committing fraud.
I had a friend who once told me his brother discovered Alaska while riding in a hot air balloon. I wonder if we have the same friend.
“Had a friend at a business report that the business was casually doing fraud to lower their tax liability.”
“Oh yeah? Well I had a friend who reported he is a talking monkey who lives in Mars.”
“Damn, both of these stories sound equally far-fetched and unbelievable.”
Possibly, is his name Jeff?
They can lie and misreport. And if nobody in the state/federal bureaucracy follow up, they get away with it.
Why do they never offer to match donations?
Why would they bother? It costs them next to nothing to stick an ad on the screen. But matching donations would be far more expensive.
Besides “matching donations” has always been a scam. These agreements inevitably amount to “Person/Org X agrees to donate up to $X in matching funds”. But $X is so small that its trivial to hit. And I’ve never heard of someone failing to get the whole amount regardless of the donation rate. It’s just an excuse for the folks running the donation drive to scream “PLEASE! PLEASE! PLEASE! Your refusal to donate an extra $1 is costing us $10!!! Why are you being so stingy!!!”
THIS IS PURELY A METHOD OF AVOIDING TAXES.Never donate to charities through one of these big companies. If you want to donate, then do so directly.
Anything else just helps the corporation wash their image by gathering money and then donating to whichever cause.
They do so and also take all of that money off of their taxable requirement.Edit: was wrong.
Never donate at the cash register. It’s a tax deduction scam.
Donate to a real non-profit instead of blood sucking corporations.
Remember that none of the people working there have any say in the matter either, and are most likely struggling themselves. The system was made broken.
I never take out my frustration on the employees, but one time I did mutter, I’m still waiting for someone… any one …to give me something for free.
Oh man I feel ya.
Nothing is free.
It’s not the people , it’s the corporations
Fuck big corporations using “charity” to pull tax avoidance scams. Why the fuck would I donate through you when I can go for a charity not associated to a corporation?
I have an idea, if you donate ten times the amount I donated from your profits, then I will donate through you. Otherwise you can fuck off.
I don’t know. I don’t know how high finance works, but a company who has the oportunity to take 1 dollar from every person is a big no for me. I do not care if they do donate the money or not, I don’t do it because we let them carry that ridiculy amount of money, to the people that does know how high finance work. Maybe the money it is donate it, yea, but, what’s next? I do not want to be rewarded, I wanna know if
my moneythe money of everyone was delivered as it should, that’s all, and I don’t think that a company uses the same time that spent to ask you for a dollar for letting you know that everything is fine.Because they use your donations to pay for their parties
