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by jelliclesfarm 1987 days ago
https://pp-990.s3.amazonaws.com/12_2019_prefixes_82-86/82450... : form 990 of Signal Foundation. Source: https://projects.propublica.org/nonprofits/organizations/824...

Brian Acton is listed as Principal Officer/President

You can’t donate to your own company and then claim it for a tax deduction.

1 comments

Well, you CAN donate to your own company and claim it for a tax deduction, I do it all the time.

That being said, this basic point seems like it might explain the whole thing. I can believe that he cannot be the sole (or nearly sole) donor and have the company be a 501(c)(3) rather than a private foundation or similar.

Awesome. Thanks for the info.