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Because you’re giving them money that they then donate and claim as their own. It’s a way to get around actually donating money from their profits, while making it look like they’re donating a ton for the tax write off.

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entwine413@lemm.ee ⁨19⁩ ⁨hours⁩ ago
That’s not how it works, at all. Businesses can’t claim charitable donations they receive on behalf of a charity as a deduction.

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- UnderpantsWeevil@lemmy.world ⁨17⁩ ⁨hours⁩ ago
  They can lie and misreport. And if nobody in the state/federal bureaucracy follow up, they get away with it.
  
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- WhyIAughta@lemmy.world ⁨18⁩ ⁨hours⁩ ago
  A friend in the field had told me that they preemptively make donations to offset their taxes. Let say it’s 1million dollars. they put up 1 million dollars of their own money, then they gather donations at the till towards this charity to pay themselves back for the money they spent.
  
  Again just what I’ve heard.
  
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  - entwine413@lemm.ee ⁨18⁩ ⁨hours⁩ ago
    Your friend is wrong, or the company he works for is committing fraud.
    
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    outhouseperilous@lemmy.dbzer0.com ⁨18⁩ ⁨hours⁩ ago
    
    company committing fraud
    
    Well yes, it’s a corporation.
    
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  - teejay@lemmy.world ⁨18⁩ ⁨hours⁩ ago
    I had a friend who once told me his brother discovered Alaska while riding in a hot air balloon. I wonder if we have the same friend.
    
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    UnderpantsWeevil@lemmy.world ⁨17⁩ ⁨hours⁩ ago
    “Had a friend at a business report that the business was casually doing fraud to lower their tax liability.”
    
    “Oh yeah? Well I had a friend who reported he is a talking monkey who lives in Mars.”
    
    “Damn, both of these stories sound equally far-fetched and unbelievable.”
    
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    WhyIAughta@lemmy.world ⁨17⁩ ⁨hours⁩ ago
    Possibly, is his name Jeff?
    
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