Don_Dickle@lemmy.world to No Stupid Questions@lemmy.world · 3 days agoIf I was a college athlete instead of accepting money out right. If I created a charity where they could "donate", and keep all the money? Is this illegal or illegal how so?message-squaremessage-square15linkfedilinkarrow-up122arrow-down13
arrow-up119arrow-down1message-squareIf I was a college athlete instead of accepting money out right. If I created a charity where they could "donate", and keep all the money? Is this illegal or illegal how so?Don_Dickle@lemmy.world to No Stupid Questions@lemmy.world · 3 days agomessage-square15linkfedilink
minus-squareZwuzelmaus@feddit.orglinkfedilinkarrow-up4·2 days ago make a charity, then employ myself as manager or something. Such a stunt is usually done with a “foundation” instead of a normal charity. Depending on your legislation, this may indeed become a loophole to receive donations and avoid taxes.
Such a stunt is usually done with a “foundation” instead of a normal charity.
Depending on your legislation, this may indeed become a loophole to receive donations and avoid taxes.