• zombuey@lemmy.world
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    1 year ago

    Just FYI this is a sort of scam. The company donates the money on your behalf and they get the tax write-off for your donation while also appearing philanthropic for PR purposes. that’s why they do it.

    • seang96@spgrn.com
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      1 year ago

      They also store it in a bank before donating to collect interest on it cause why not?

      • zombuey@lemmy.world
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        1 year ago

        Furthermore, there is no contractual agreement on how or when they donate that money. So for example those companies might and likely will hold that money in trust to the non-profit. That way the company can use money as a hedge on taxes in future fiscal periods if they had an excess.