4 ms·
That's kind of a distinction without a difference since the foundation is just the mechanism through which Dell makes philanthropic contributions.
by phd514 9y ago
That's kind of a distinction without a difference since the foundation is just the mechanism through which Dell makes philanthropic contributions.
- Retric 9y agoHe may have already donated this money to the org. So, this may be funding allocation not a donation. Or this could be new money I am not sure.
- deleted 9y ago[deleted]
- brandon272 9y agoAgain, distinction without a difference. Is it a "funding allocation" if I was going to spend $100 on a night out but choose to donate it instead? It's both. And still just as much a donation.
- Retric 9y agoErr, if this is not clear to you. You can setup a charity and get a tax deduction in the year you set it up without actually allocating the money. Now that it's in the charity it's not your money in that you can't legally use it on a night out. So, there is a very big difference in donation = tax deduction, allocation = no additional tax deduction.