Questions tagged [donation]

For questions relating to charitable donations, donating money to other individuals, causes or organizations, etc.

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Charging HST on a product where a portion goes directly as a donation to someone else [Canada]

I'm launching a business that helps other people/organizations to fundraise. In some ways it is similar to GoFundMe or Kickstarter in a sense that much of the intention of the business is to pass the ...
Anton's user avatar
  • 147
2 votes
1 answer
262 views

I donated cryptocurrency to a charity, but the receipt is in dollars. How is it taxed?

In 2022 I made a donation of $100 to a tax-exempt charity, which I paid using cryptocurrency (let's say 123.456 units of currency XYZ). The tax receipt I got from the charity acknowledges a donation ...
Nate Eldredge's user avatar
0 votes
3 answers
397 views

Entity donates to a charity in exchange for my work: do I need report this to the IRS when filing for my taxes?

I'm doing some work in the US for some entity also located in the US, and I've been told: We will donate xxx USD on your behalf to one of several non-profits that you can choose. I am a US tax ...
Franck Dernoncourt's user avatar
1 vote
1 answer
335 views

What value should I list for a donated C-PAP machine?

I donated a new C-PAP machine to a charity. What value should I place on it on my 2021 income tax return?
Ann Graham's user avatar
0 votes
1 answer
205 views

How do I deduct this donation that I made to change.org?

I just donated $100 to a cause through the Change.org website. And I will continue to donate before this year ends. How do I put that on my tax returns so that it can be deducted from my taxable ...
Bear Bile Farming is Torture's user avatar
10 votes
3 answers
4k views

Give third party check to charitable org?

I got a small stipend as a check for a focus group thing, $125. I don't want to deal with the taxes, etc. Can I just endorse the check, hand it to, say, the food bank, and pretend I never saw that ...
Him's user avatar
  • 365
14 votes
5 answers
5k views

Is it standard to not provide receipts or invoices for donations?

I recently made a donation to a non-profit organizations that performs humanitarian assistance in places of conflict. Afterwards I remembered that my employer matches my donation up to a particular ...
user111548's user avatar
3 votes
1 answer
127 views

A 501c3 Church sharing a venue with a 501c7 [closed]

Can a 501c3 Church that owns or leases a venue it only uses one day or two days a week allow a 501c7 social club to use the rest of the week? The Church strongly supports the Arts and the 501c7 will ...
Brett Allen's user avatar
1 vote
1 answer
271 views

Can 80G donation made in spouse name be claimed?

I have paid for a donation from my account to an organization that has 80G exemptions for its donations. However, the donation is made in my wife's name and the receipt has my wife's name. Can I ...
kbsbng's user avatar
  • 95
46 votes
4 answers
29k views

Are ads on YouTube asking donations for sick children via drove.com a scam?

The past few weeks YouTube has been showing me advertising asking to make donations to help pay medical bills for sick children via a crowdfunding site called Drove. However, the ads look very ...
guest's user avatar
  • 471
-1 votes
3 answers
215 views

Money spreading system? Is this legal? [closed]

Is it legal to tell potential givers/donors that money sent to me is to be shared then with others? For example, an incentive to receive any money at all could be the claims that money sent is then re-...
Dry Wedge's user avatar
1 vote
3 answers
384 views

How to anonymously donate cryptocurrency to charities which only support traditional online payments platform?

A lot of charities that I want to help support only traditional online payments system, such as GoFundMe, GoGetFunding, JustGiving, Patreon, Paypal, Payroll Giving, Stripe, ... Is there a way to ...
user avatar
0 votes
1 answer
128 views

How much money can be gifted tax-free as "étrennes" (~Christmas/NY/BD gift)?

The French tax authorities allow parents to give some money tax-free to their children around some special dates, such as Christmas, new year eve, the child's birthday or the child's success at some ...
Franck Dernoncourt's user avatar
0 votes
3 answers
97 views

What tax benefits do people gain from donating to 501(c)(3)s?

Isn't the tax system progressive, so that your first (rough numbers from memory most likely inaccurate) say, $12000 gets taxed at X%, while your next, say, $8000 gets taxed at Y% (Y>X), and your ...
Jimmy Choo's user avatar
0 votes
0 answers
73 views

What options are the for streamers to receive money without disclosing their personal data?

For a small streamer is there any way without having the need of opening a company to be able to receive money without disclosing their personal information like name and address? I know some other ...
Prix's user avatar
  • 101
2 votes
4 answers
221 views

How do tax payers have to pay for the tax deductions someone else receives due to a charitable donation?

"A $1,000 donation from a donor in the highest tax bracket costs that donor only $604. The federal government kicks in the remaining $396 in the form of a reduction in taxes", writes Ray D. ...
Manisha's user avatar
  • 21
2 votes
0 answers
20 views

US tax requirement for non-resident non-citizen receiving donations from US non-profit

My wife and I do volunteer charity work in a third-world country. We are not US citizens or residents, however we have recently partnered with a US-based non-profit 501(c)(3) organisation who are set ...
Volunteer's user avatar
67 votes
14 answers
11k views

What are some effective ways to help someone financially?

After managing my income and investments quite well over the last few years, I’m reaching the point of having more income than my personal needs require, and (after already giving thousands to charity ...
Simon E.'s user avatar
  • 711
2 votes
0 answers
315 views

Receiving donations without others finding out my real name [closed]

First a little bit of context: I've written a book that I've self published. The book is under a pen name because I care about my privacy. I also have a blog. people that read my book might visit my ...
Pat's user avatar
  • 21
0 votes
0 answers
162 views

How do I donate my shares to the company?

In The Interpretation of Financial Statements by Benjamin Graham, Part III Definitions of Terms: Treasury Stock. Lawfully issued stock that has been reacquired by the corporation through purchase or ...
Flux's user avatar
  • 17k
1 vote
1 answer
177 views

How to legally make GoFundMe donations tax deductible?

I give a lot of money on GoFundMe every year to strangers (or online acquaintances/friends). I already exceed the standard deduction from other things, but it would also be nice to itemize these "...
401k-newbie's user avatar
-2 votes
4 answers
339 views

Why do companies pay salaries rather than donations?

When I receive a 100€ salary net on my bank account after all taxes, my company had to actually cash out X€, split into their charges and my gross salary. After my charges and taxes are removed, I see ...
WoJ's user avatar
  • 1,210
-1 votes
1 answer
122 views

PayPal Donate button - Issues [closed]

I'm trying to implement and test the Donate Button by PayPal, and I've faced the issues with it. I'm having a Personal account as a person, not as a non-profit organization. Everything seems like ...
М.Б.'s user avatar
  • 99
0 votes
0 answers
102 views

Donating/Gifting money to an individual in India

An NRI (A) decides to donate/gift some money to an Indian citizen (B) residing in India. Currently the money is in an NRO account (of A) in India and A would transfer the money to a savings account of ...
PTDS's user avatar
  • 111
4 votes
1 answer
78 views

In Ontario, Canada, how can I calculate when charitable donations lower my total payable tax?

I live in Toronto, Canada. I can control my income. I want to know how much of charitable donations will lower total tax payable for different incomes. Then I'll pick what income to aim for.
user avatar
2 votes
0 answers
183 views

What car is appropriate for a fundraiser to drive [closed]

My partner and I are looking at new cars. I am a software developer, she is a fundraiser for a non-profit organization and we share a vehicle to commute work. Recently we started looking for new ...
Ian's user avatar
  • 21
3 votes
1 answer
154 views

Student Loan Proof [closed]

I want to make donations to people with student loan debt. The method by which these people are chosen does not enable me to get to know each person on a personal level. How do I verify someone's ...
RylonMcnz's user avatar
8 votes
2 answers
464 views

Run Facebook fundraiser on behalf of Mexican citizen

Background I am a natural-born US citizen and lifelong US resident. My friend, who I will call V, is a Mexican citizen living in Mexico. She is trying to improve her financial situation. She has ...
Phoenix's user avatar
  • 181
1 vote
1 answer
111 views

Can one claim charitable contribution deduction for data donation?

If one paid some amount of money to acquire some data, then donate the data to a qualified tax-exempt organization, can one claim charitable contribution deduction for it in the United States? ...
Franck Dernoncourt's user avatar
1 vote
1 answer
646 views

Can i add a paypal support/donate button on my opensource project on github in India(Specifically). And How should i do it?

I am an open source developer from India .I am opening up an open source project on github . I want to set up a paypal (support/donate/or whatever name is appropriate to put in India) on my github ...
user rk's user avatar
  • 111
9 votes
2 answers
288 views

Sold wall map as fundraiser for a 501c3 non-profit. Need to report on tax returns? How?

In my spare time outside of my full time job, I produced a wall map for as a fundraiser for a 501c3-registered non-profit organization. I then sold the maps via FundRazr.com and money from sales was ...
Debaser's user avatar
  • 191
42 votes
6 answers
13k views

What do I need to watch out for when receiving a large sum of money as a gift in Germany?

I live in Germany. If my father would want to give me a large sum of money - let's say 10,000€ - what would be the safest, least bureaucratic way to do this? I'm an apprentice and I still receive ...
Flying Thunder's user avatar
9 votes
3 answers
50k views

How may I gift/send money to a friend anonymously?

I have a good friend who I attended university with in the past. (in the US) I happened to get to know that they were having some money troubles, and I wanted to provide some assistance as a gift, but ...
Rboreal_Frippery's user avatar
3 votes
0 answers
289 views

Donating ESPP shares to non-profit organization

In recent years, I've made donations to some non-profit organizations using stock shares. They immediately sell when they receive the shares from my brokerage firm and send me a document at the end ...
Classified's user avatar
1 vote
2 answers
2k views

Can these donations on behalf of a charity be "passed through" without being treated as personal income?

My question is about how US tax laws apply in a somewhat complex situation. You are not my lawyer and this is not legal advice, but I'm not finding any relevant IRS rules here at all and I know some ...
Nathaniel J. Smith's user avatar
2 votes
1 answer
188 views

I donated around 5000 books to charity, should I get a tax preparer

I normally do my taxes on turbo tax but I recently got a well paying job and donated roughly 5000 books to a local charity. I don't have an exact count of the books but I do have a count of the boxes ...
Reimus Klinsman's user avatar
0 votes
1 answer
179 views

Can I get a charitable receipt for donating books? [closed]

I am downsizing and have many 'books' how and where can I get a charitable tax receipt ?
Alain H 's user avatar
4 votes
1 answer
385 views

Does a Charitable donation deduction depend on the price or the value of the item?

When donating a product, does it matter what the original cost of the product was? For example, what if a $1000 product was purchased for $50? I know it's the reasonable market value of the product ...
iq78's user avatar
  • 307
7 votes
2 answers
77k views

How can I let people send me money via PayPal without them seeing my PayPal account info?

Two things to start of with: one, I don't know if this is the right StackExchange website for this, and second of all, my title doesn't make much sense, so her is the concept of the question: I would ...
Arraying's user avatar
10 votes
4 answers
4k views

How should I value personal use television for donation?

Given an LCD television using primarily for personal use, if I were to donate it what would the donation value be? I assumed that I should take straight-line depreciation over its useful life? IRS ...
Matthew's user avatar
  • 3,150
3 votes
3 answers
142 views

Donation for nonprofit 501(c)(3) organization, if I also work for them: Tax-deductible?

I work for nonprofit 501(c)(3) organization and I plan to donate a few items for this organization. Can I make this donation tax-deductible? Is it a problem that I work for them (and I will have their ...
Sleepy Hollow's user avatar
3 votes
1 answer
158 views

Does a donation have to be used only on the thing it was donated for?

I am currently in the process of developing an open-source computer application and it is taking up a lot of my free time, so I would like to get some sort of income from it, even if it is a small ...
AvahW's user avatar
  • 133
3 votes
1 answer
108 views

2014 charitable donation (via check); cashed in 2015; can I include on 2015 taxes?

I mailed a check as a donation to a charitable org on 31 Dec 2014. It was cashed on 9 Jan 2015. I intended it for 2014 taxes, but forgot to include. Since it was cashed in 2015, can I include it on ...
Ahnold's user avatar
  • 43
4 votes
2 answers
2k views

What does the IRS standard deduction amount mean?

http://www.moneycrashers.com/reselling-vs-donating-tax-deduction/ Apart from the personal satisfaction you get from helping a nonprofit, donating your extra stuff can land you a valuable tax ...
Tim's user avatar
  • 5,883
18 votes
2 answers
2k views

What's the best way to invest for making regular donations?

Up until now, I've been making my donations to charity in a very naive way, by just skimming the top 'x'% off of my raw income and using that bucket for donations. Recently, I have been making more ...
Josiah's user avatar
  • 311
12 votes
1 answer
4k views

Is it wise to use a PayPal account for donations larger than $1 million/month? [closed]

If I am about to receive multiple $5 donations that would sum up to over a million dollars per month, would it be wise to use a PayPal account? I can't confirm my nonprofit 501(c)(3) status and I don'...
IneedHelp's user avatar
  • 223
14 votes
3 answers
12k views

Can I deduct a 2013 donation to charity on my 2014 tax return?

In 2013 I made a donation to a charity. In early 2014, I included a copy of the donation receipt with all the paperwork I sent to my CPA. When he filed my 2013 tax return, he forgot to deduct the ...
7529's user avatar
  • 3,753
1 vote
1 answer
116 views

When filing taxes can I apply deductions of the current year for a future year instead?

I have some substantial deductions via donations and medical expenses. Unfortunately it does not seem like my income is high enough for them to be considered this year. After going through the steps ...
TheOne's user avatar
  • 341
3 votes
3 answers
5k views

Under what circumstances is a membership a deductible donation?

I'm a member of the Chicago Children's Museum, which is a 501(c)(3) cultural organization. I pay $115 a year in membership dues. That membership includes free admission and a 10% discount on food ...
Joe's user avatar
  • 35.8k
2 votes
3 answers
6k views

How to gift money anonymously to an individual after collection thru a donation site?

I am receiving some excellent feedback, so please bear with me while I give more details on the entire concept - as I am starting to think it may not be feasible without cooperation from the family? ...
Paul G.'s user avatar
  • 39