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"Mr. Isaacman has declined to say how much he is paying for this orbital trip, only that it was less than the $200 million he hopes to raise for St. Jude Childr
by Gustomaximus 5y ago
"Mr. Isaacman has declined to say how much he is paying for this orbital trip, only that it was less than the $200 million he hopes to raise for St. Jude Children’s Hospital with an accompanying fund-raising drive."
Is this some way to write the trip cost off as charitable deduction? Spend $50m sending self to space as 'advertising' and if you dont raise more via fund raiser its oh well we tried?
Edit: Thought it fair to add, this may well be a genuine attempt to raise money for a good cause with good intent. I'm a bit jaded from seeing people around offices spend money on expensive holidays and tying it to a cause where they raise fractions of what is spent on the holiday. My feeling is if they cared for the cause they'd skip 'hiking across country X' or whatever and donate the money while having a cheaper holiday elsewhere. So my bias is towards being a bit sceptical when it come to people trying to raise money for charity via expensive personal experiences.
- shadilay 5y agoThis happens all the time. Throw a big charity fundraiser to raise your social profile and get a tax write off for it. Let someone else pay for the actual charity.