I’ve been saying this for years.
Well they will make the donation, but they’ll do it with your money, and then they’ll take the tax deduction for it, and reward themselves with a nice fat end of year bonus from the tax savings. Isn’t capitalism fun?
As far as the world knows, they did. It was the $20 you gave them.
I always decline, without exception.
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It’s not my duty to pull from my personal funds to support others. I ALWAYS vote to help others with my tax dollars.
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I don’t actually know where my money is going. I haven’t researched these organizations. I don’t know where my money ends up.
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The store takes your donation, then they donate it and take all the credit.
“Store name” donated $1 million to XYZ Charity.
Not only do they get the credit, they also get tax benefits from the donation.
Update: Seems I am incorrect! Thanks for the polite discourse.
They make a dollar, they donate a dollar. No change to tax.
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I don’t think they ever disclose which charity the money goes to. That’s the real problem here. I don’t think it would be a bad thing at all to encourage small donations like that, I just have no trust my money is going somewhere I’d approve of.
If you’re so inclined, set up a monthly or annual donation directly to a cause you care about. Then you can ignore those prompts and have a chip on your shoulder about it, and you get the tax deduction instead of Profits Incorporated getting it.
They take the media credit, and then they get the tax credit, too. Couldn’t agree more, we rent U-Hauls and they ask for donations too and I tell my customers exactly that, don’t donate to the so they can donate all the money and save paying some taxes.
