Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [donation]

For questions relating to charitable donations, donating money to other individuals, causes or organizations, etc.

80 questions
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What are some effective ways to help someone financially?

After managing my income and investments quite well over the last few years, I’m reaching the point of having more income than my personal needs require, and (after already giving thousands to charity each year, a topic for a separate discussion) I…
Simon E.
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Are ads on YouTube asking donations for sick children via drove.com a scam?

The past few weeks YouTube has been showing me advertising asking to make donations to help pay medical bills for sick children via a crowdfunding site called Drove. However, the ads look very suspicious. In one example, a child called Tovi in a…
guest
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What do I need to watch out for when receiving a large sum of money as a gift in Germany?

I live in Germany. If my father would want to give me a large sum of money - let's say 10,000€ - what would be the safest, least bureaucratic way to do this? I'm an apprentice and I still receive child allowance (I don't know how familiar people…
Flying Thunder
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How to donate money anonymously?

I would like to donate some money to a charity, but I would rather they not know who donated it. How could I go about this if cash isn't an option?
C. Ross
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What's the best way to invest for making regular donations?

Up until now, I've been making my donations to charity in a very naive way, by just skimming the top 'x'% off of my raw income and using that bucket for donations. Recently, I have been making more money, which has prompted me to ask the question,…
Josiah
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How should I handle taxes for Minecraft server donations?

I run a Minecraft server and there is a donation button so players can help support the costs. I pay out of pocket for the rest, it's $125/mo. The money they donate goes right to paypal which is where the automatic payment to the server happens, so…
MetaGuru
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Can I deduct a 2013 donation to charity on my 2014 tax return?

In 2013 I made a donation to a charity. In early 2014, I included a copy of the donation receipt with all the paperwork I sent to my CPA. When he filed my 2013 tax return, he forgot to deduct the donation on Schedule A. I asked him about it, and…
7529
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Is it standard to not provide receipts or invoices for donations?

I recently made a donation to a non-profit organizations that performs humanitarian assistance in places of conflict. Afterwards I remembered that my employer matches my donation up to a particular limit and I looked into how to accomplish this. My…
user111548
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Paypal website donations without being a charity

I would like to receive donations on a website instead of having commercials or subscription fees. I am an individual, not a non-profit organization and will not be giving tax-deductible receipts. Is it possible to use PayPal to receive…
ipavlic
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Is it wise to use a PayPal account for donations larger than $1 million/month?

If I am about to receive multiple $5 donations that would sum up to over a million dollars per month, would it be wise to use a PayPal account? I can't confirm my nonprofit 501(c)(3) status and I don't care to because transaction fees are the same…
IneedHelp
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Can making a donation reduce your tax bill?

If my adjusted gross income is $1000, and I make a donation of $100, then it seems that I'm still going to have to pay a tax on the $1000. The donation is deductible, so I don't pay any tax on that, but it hasn't reduced my tax bill. From saving on…
James Wanton
11
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2 answers

Donation Value Of "One Bag Of Clothing"

Early last year, I donated clothes to Goodwill and received a donation receipt for "one bag of clothing." I have no memory or documentation of exact contents to calculate an amount. Given only the receipt, what is an acceptable value?
Steven
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How should I value personal use television for donation?

Given an LCD television using primarily for personal use, if I were to donate it what would the donation value be? I assumed that I should take straight-line depreciation over its useful life? IRS says 5-years for computer equipment, but I couldn't…
Matthew
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How do taxes work with donations made to an individual, e.g. for free software I wrote?

If I offer a piece of software for free, but give users the option to make a donation on the webpage, what laws govern those donations? Do I report it as income? Is it subject to just the same amount of taxes (~30%) as regular income? Are there any…
temporary_user_name
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What are the (US) tax implications for donationware?

I'm an individual and not a part of any nonprofit organization. What, if any, tax implications are there for donationware in the US (as a recipient of funds)? The product would be software and/or screencasts.
Max
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