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I assume it's a tax dodge of some sort. I'm sure that investments in non-profits can be offset against capital gains (or something like that). I'm not an inve
by edent 13y ago
I assume it's a tax dodge of some sort. I'm sure that investments in non-profits can be offset against capital gains (or something like that).
I'm not an investor and this isn't tax advice!
- maxerickson 13y agoWhy do people think this? Charitable donations do often result in reduced taxes. The catch is that the reduction in taxes is less than the donation (and at least in the U.S., there is no combination of State and Federal taxes that is greater than 100% of income...).
- pg 13y agoNo, as far as I know we get no tax advantage from this beyond what anyone gets from making any charitable donation (the ability to deduct it).