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If your friends are controlling the charity, then they do with the money whatever you tell them to do. Also, you get tax credit for the donation and those money
by gostsamo 5y ago
If your friends are controlling the charity, then they do with the money whatever you tell them to do. Also, you get tax credit for the donation and those money are substracted from your overall tax bill.
- dazc 5y agoI get a 19% tax credit for any money my business gives to charity. The other 81% is money I could have spent on something else or kept on the balance sheet.
- gostsamo 5y agoShould I send you an invoice for the accounting advice? https://www.wealthmanagement.com/estate-planning/charitable-trusts-doing-good-while-avoiding-tax-man https://www.wealthmanagement.com/estate-planning/charitable-...