Well, you CAN donate to your own company and claim it for a tax deduction, I do it all the time. That being said, this basic point seems like it might explain

Well, you CAN donate to your own company and claim it for a tax deduction, I do it all the time. That being said, this basic point seems like it might explain the whole thing. I can believe that he cannot be the sole (or nearly sole) donor and have the company be a 501(c)(3) rather than a private foundation or similar.