So McD’s asks you, when you pay, to round up the cost of your order for charity. My question is this: I’m giving the money to McD’s, not the charity. Am I then helping them get a bigger tax deduction for corporate giving? So my 18 cents they match means they get credit for a 36 cent charitable gift?
In: Economics
I’m going to add that 99% of the time the answer is no. But, there are instances where companies try to profit from their “in-house” charity. I have heard a lot of good things about Ronald McDonald House. But there is this one bookstore chain in Canada called Indigo.
What they do is solicit donations for their charity providing books to schools (which is not tax deductible to Indigo) but they give grants to school and require they buy from indigo at retail price. Essentially profiting from the donations.
https://www.cbc.ca/amp/1.2963923
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