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Isn't most corporate charity a form of tax management anyway? If charitable donations were not deductible, I think corporate charity would effectively disappea
by read_wharf 15y ago
Isn't most corporate charity a form of tax management anyway?
If charitable donations were not deductible, I think corporate charity would effectively disappear.
- jeremyarussell 15y agoNot necessarily, I work with companies that utilize philanthropy as a way to market to the locals. It's a sort of, "Look guys, come here, we give back to our community." and it seems to work rather well.
- drumdance 15y agoExactly. In my community Whole Foods makes a big deal about giving to local orgs. They keep a running tally on the wall.
- indiekid 15y agoCorporate donations are indeed deductible, but generally speaking it's when the actual grant is made. If the grant is made when the stock has a low strike price, then there's really no benefit attached. If the grant is made when the strike price is high, then it's a significant cost on the business and dilutive to all parties involved. The solution that 1% of Nothing provides is that it's the individual giving the shares instead, only exercised when there's an exit (IPO or acquisition).