--- In FairfieldLife@yahoogroups.com, "shempmcgurk" <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, "sparaig" <sparaig@> wrote: > > > > --- In FairfieldLife@yahoogroups.com, Rick Archer <groups@> wrote: > > > > > > on 8/18/06 11:10 AM, sparaig at sparaig@ wrote: > > > > > > > > If you want money spent for a specific project, you have to > specify that it is > > > > being spent for > > > > that project. Otherwise, a non-profit can spend it on anything > it wants as > > > > long as it is still > > > > in the charter for it's existence. > > > > > > > Ed Beckley used to do that. He would see a road on campus that > needed > > > fixing, get bids from contractors, then donate money to fix the > road, > > > specifically ear-marked for that purpose. The money would > disappear and the > > > road wouldn¹t be fixed. > > > > > > > How many times did he do this? And if he really wanted it fixed, > why didn't he pay the > > contractors directly? > > > > Because he wouldn't have been able to get the charitable tax > deduction for it. >
Not so sure about that. > And he wouldn't have been able to pay for it himself and use it as a > deduction for his own business because that would have been fraud. > Depends on when and how it was done. While consultants can no longer deduct their full fee, I believe that service organizations can deduct a lot more when doing work for non- profits. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
