this post was submitted on 03 Oct 2023
823 points (98.5% liked)
Memes
45901 readers
1540 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
To preempt the inevitable: no, companies do not take your donations and then use them as a tax write off to somehow profit. That's a myth. That's not how taxes work. Those donations are yours and you can claim them on your taxes. Yes, really.
They’ll also use the customer donations in their own marketing materials with carefully chosen wording.
“We put $X in the hands of X charity!” Sounds cute, until you realize why they don’t say they “donated $X” instead. It’s because it’s often not their money or donation.