this post was submitted on 21 Jun 2023
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Mildly Infuriating

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[–] [email protected] 2 points 1 year ago (6 children)

People that give money for those charities are giving those companies free tax write offs.

You donate $10 or whatever. The company can then claim that $10 as a write off via donation to that charity. Campaign as a whole (either regional or national) collects $1M USD. Corporate accountants write off donation. Tax liability reduced.

[–] [email protected] 1 points 1 year ago (1 children)

No, that's not how it works. In order to do so, they'd have to first claim the money received as income.

That said, there are scummy things that they do. At the least, it's saying "we [bigcorp] donated $1,000,000 to charity" when in reality all that they did was collect it. In other situations, companies like Sobey's doesn't actually pass on food bank donations as cash, but rather have then as credit to buy products only from Sobey's.

[–] Jorgelhus 1 points 1 year ago

That's messed up.

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