jeffw@lemmy.worldM to News@lemmy.world · 1 year agoWill and Jada Pinkett Smith charity closes down after decreasing donations post-Oscar slapwww.salon.comexternal-linkmessage-square109fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkWill and Jada Pinkett Smith charity closes down after decreasing donations post-Oscar slapwww.salon.comjeffw@lemmy.worldM to News@lemmy.world · 1 year agomessage-square109fedilink
minus-squareUllallulloo@civilloquy.comlinkfedilinkarrow-up0·1 year agoFoundations aren’t deductible though. You have to give it away to an honest-to-God charity approved by the IRS for it to do anything. And even then, you can never get more money by donating it than you would just keeping the money.
Foundations aren’t deductible though. You have to give it away to an honest-to-God charity approved by the IRS for it to do anything. And even then, you can never get more money by donating it than you would just keeping the money.
Foundations are typically 501c3s