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by sjwright 1887 days ago
And then the accountants probably tabulated them as corporate donations. So were they gifts from the employee or not?
2 comments

If you make a donation in someone's name, you get the tax deduction, not them. Google couldn't "pay" the employees in some non-taxable form and then let the employees take the $1000 deduction even if they wanted to (which they don't).
That’s my point. The donation is financially a corporate donation, but is being marketed to the employee as a perk of their employment. That it’s “their” donation.
The perk is your charity gets the money, the point of giving to charity isn't the tax benefits...
Again yes, that’s exactly my point. They are double dipping on the good will; first as an employee perk, second on their corporate annual reports.
If I care about cause XYZ and as part of my employment, my company gives $1000 to a charity that I picked which supports cause XYZ, that absolutely has value to me.
Bonuses to employees are compensation, so tax deductible to the corporation just like a charitable donation.