View Single Post
Old 09-01-2005, 02:06 AM  
Dagwolf
President of Canada
 
Dagwolf's Avatar
 
Join Date: Sep 2003
Location: Leaving Hell, Entering Limbo
Posts: 23,141
Quote:
Originally Posted by mikeyddddd
He's making 5% of the donations for his "time and expenses". Why not give directly to the Red Cross so they will have that much more money? He's making money off it. Period.
According to U.S. law you can keep 95% and only donate 5% to charity and still bill yourself as a charitable/non-profit organization.

(Stats might be a little off but it's at least 90/10)

I'm betting any major charity keeps more than 5% for overhead/administrative expenses. If the guy's for real, he's probably helping more than the 5% is worth and if not, karma will bite him in the ass.
__________________
Sleep well, and dream of large women.

Dagwolf is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote