• LetMeEatCake@lemmy.world
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      1 year ago

      No, but you should still donate yourself. It allows you to focus on charities that you care the most about and which you can research as having the greatest potential positive impact.

      If you give $1 to Grocery Store to donate to Cause, what happens is Grocery Store gains $1 of taxable revenue, then they remove that $1 of taxable revenue with the deduction. All the deductions do is make it so that Grocery Store neither gains nor loses money from the forwarded donations. They simply aren’t paying taxes on the money you gave them to donate.

      The rules for this are good.

    • Smoogs@lemmy.world
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      1 year ago

      Yeah if it is a person asking me to donate on behalf of a company I’m like “why would I let this company take all the credit?” That usually ends the conversation as they impersonate an NPC immediately having to go into ‘think mode’.