| 1 |
On Sat, Jul 4, 2020 at 12:33 PM Andrew Savchenko <bircoph@g.o> wrote: |
| 2 |
> |
| 3 |
> This is one more aspect to this: some companies double donations |
| 4 |
> for 501c3 organizations. A friend of mine works in a large |
| 5 |
> corporation with HQ is the US and told me that his employer doubles |
| 6 |
> any donations made to 501c3, so he made no donation for Gentoo, |
| 7 |
> because that will mean loosing money for community which otherwise |
| 8 |
> can be doubled. So it is likely that 501c3 will increase incoming |
| 9 |
> donations. |
| 10 |
|
| 11 |
That is a really good point and I'll expand on this. |
| 12 |
|
| 13 |
Some organizations will only donate money to 501c3 organizations. |
| 14 |
Basically they're letting the IRS do the due diligence around whether |
| 15 |
the organization is actually charitable. They can potentially also |
| 16 |
receive tax benefits this way. |
| 17 |
|
| 18 |
If you want to receive grants/donations from other 501c3 organizations |
| 19 |
you will be far more likely to get them if you are yourself a 501c3 |
| 20 |
organization. These transactions receive far less scrutiny than |
| 21 |
transfers from 501c3s to other types of corporations. |
| 22 |
|
| 23 |
-- |
| 24 |
Rich |
Archives