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Questions tagged [charity]

30 questions
12
votes
2 answers

Dealing with a fundraiser con-artist / fraudster

A group of us are aware of someone with a history of fraud/deception. We're seeing ongoing acts of fraud that we want to stop. Key facts about the person: Currently running a fundraiser for Louisiana (following the hurricane) Only $3,000 out of…
Simon Partridge
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7
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1 answer

Are charities prevented from paying money to other charities?

I was recently a participant in a group study, in which there was an option for participants to donate the gratuity offered to a charity. However, I received a message from a researcher today saying that this is not possible: Earlier this year, you…
bertieb
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4
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1 answer

Does the word "proceeds" in corporate promises to charity have a specific meaning?

It's common to see companies say that "all proceeds" from selling something, or from admission, will go to charity. What's not clear to me is whether that's all the revenue, or all of the pre-tax price and they're just saying proceeds to be clear…
Kate Gregory
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4
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1 answer

Charities in the US and money laundering

What regulations apply to charities regarding money laundering? Do they have any equivalent to 'know your client', like 'know your donor'? Do they have a duty to report suspicious transactions? Are they forced to have their accounts audited?
Quora Feans
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4
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3 answers

What are the advantages and disadvantages of a token salary?

I am writing an employment contract for a voluntary position at a charity and am wondering whether we should pay the individual £1 per year to demonstrate that they are a paid employee. What would be the advantages and disadvantages of this?
James Geddes
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3
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0 answers

Employer wants to know who isn't contributing to charity

My employer is asking every employee to donate to a specific charity via an online form. This seems reasonable. However, they are also requesting that those who don't contribute will still fill in the online form expressly indicating that they are…
Dan Pittsley
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3
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1 answer

Incentive for offering discounted services to NPO/Charity/501(c)(3)?

Backstory: I am exploring options for a business that offers Software, Platform and Infrastructure as-a-service (SAAS, IAAS and PAAS) and Insurance-Billing services to Ambulance companies, Fire Departments, Schools, and other Charitable and…
turkinator
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2
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1 answer

Do donations made by customers of a company allow the company to deduct taxes

I just got an email from American Airlines asking me to donate to Red Cross through their website and that I would obtain miles if I did so. The "exchange rate" is 10 miles for a dollar which translates to 10 cents for a dollar. Because I donate…
Paddy
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2
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1 answer

If a landlord donates commercial space to a non-profit entity, can the forgone lease value be deducted from landlord's taxes?

I could not find a tax or IRS stack exchange so I post here. Where I live, there is much commercial real estate that is empty. I would like to propose to the landlords to donate the space to a non-profit temporarily until the market demand picks…
0tyranny0poverty
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2
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1 answer

Can the costs of a "charity challenge" be paid for with part of the funds raised?

If one undertakes a "charity challenge" to raise money and awareness through some performance feat, can one cover one's costs for the feat out of the raised money? For instance, supposing someone walked from John o' Groats to Land's End raising…
user175
1
vote
1 answer

Limitations on a subsidiary LLC owned by a non-profit

New York State (USA) here. The business structure at hand is a 501(c)(3) non-profit that owns a for-profit LLC. What limitations at the state or federal level, if any, are placed on what type of business the parent non-profit may own, the…
hotmeatballsoup
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vote
2 answers

Can benefits be charity?

With the recent tax related charges against the Trump organization for various fringe benefits they have been giving top employees I have seen some counter claims I have questions about. The big one I have been seeing is that some are claiming that…
Joe W
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Laws About Contributions from Business You Own to 501c(3) You Founded/Work At

I have a US LLC I own, and am interested in beginning a charitable non-profit organization, to operate as a 501 3 (c) that would operate in a tangentially related area. When there is similar overlap and management of a non-profit what enhanced rules…
Skyler
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1
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2 answers

Can public schools solicit donations directly from students?

I have a daughter in a public school in California in 1st grade. Her school is getting ready for a walkathon where each student is expected to bring in donations. This strikes me as inappropriate: the children do not have their own funds and…
Igor Urisman
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1
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Claiming Gift Aid on conference my non-profit is organising

My unincorporated, HMRC tax-exempt UK non-profit is working on organising a conference in the next year. For the conference, we are charging a fee for each attendee, but reinvesting all money from the tickets into the event, so there is no 'surplus…
J. Johnson
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