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by ro_bit
54 days ago
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> He fueled the nonprofit’s growth partly through unorthodox fundraising. Tessellations offered parents a deal: pay half their tuition as a donation for a tax write-off. “Lawyers say, ‘Please don’t do that,’” Stanat recalled, “I’m like, ‘But is it illegal?’ ‘No, not illegal.’ ‘OK, great, we’ll do it.’” How? |
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A donation to the trust, or even an endowment is typical for the other component . If the institution is non profit depending on the part of the world you can claim tax benefits, or even in the tuition itself .
Accounting and tax is not always black and white . At times more riskier clients may choose more aggressive practices either expecting on not being audited or be able to defend it with expensive experts if they are.