Just FYI this is a sort of scam. The company donates the money on your behalf and they get the tax write-off for your donation while also appearing philanthropic for PR purposes. that’s why they do it.> e fair, I bet these companies strike deals with the charitable organizations to in turn raise visibility of those charities among the company’s customers. Furthermore there is no contractual obligation they actually donate that money or how. They could just be lying to you.
Furthermore, there is no contractual agreement on how or when they donate that money. So for example those companies might and likely will hold that money in trust to the non-profit. That way the company can use money as a hedge on taxes in future fiscal periods if they had an excess.
Just FYI this is a sort of scam. The company donates the money on your behalf and they get the tax write-off for your donation while also appearing philanthropic for PR purposes. that’s why they do it.> e fair, I bet these companies strike deals with the charitable organizations to in turn raise visibility of those charities among the company’s customers. Furthermore there is no contractual obligation they actually donate that money or how. They could just be lying to you.
They also store it in a bank before donating to collect interest on it cause why not?
Ah yes further proof that companies don’t give a fuck about anything ixcept making more money.
Furthermore, there is no contractual agreement on how or when they donate that money. So for example those companies might and likely will hold that money in trust to the non-profit. That way the company can use money as a hedge on taxes in future fiscal periods if they had an excess.