YorkieTalk Fundraising for United Yorkie Rescue!

[admin]

We have done an AMAZING job so far, but we can still do more! Help out today!

[Baileys_Momma]

Originally Posted by admin

We have done an AMAZING job so far, but we can still do more! Help out today!

Just out of curiousity, who gets the donation write off for their taxes? Is that you, the owner of YT or us, the member that donates?

I only wonder because we both cannot take the credit and if YorkieTalk has already met their $250.00 match I would think members should just go directly to the UYR site and donate to them directly.

[admin]

That's a good question, one which we haven't thought of yet. We will have to ask them how they handle that.

[michiko]

I sent mine. I wish I could give more, but this month I am broke because of getting Haruka and all her expense ..

But I hope it helps. Yorkie rescue does a wonderful job. I wish there was one close to my town, then I would love to do volunteer.

[michiko]

Did you get mine by the way?

[Zoey's Momma]

Zoey & I just donated $5.00! The poor Yorkies need it more than we do.

[simonandhallie]

Originally Posted by Zoey's Momma

Zoey & I just donated $5.00! The poor Yorkies need it more than we do.

Awwww that is very nice of you and Zoey

YAY!!!!!!!! Give her kisses from Simon and Hallie

[ARCHIE]

Originally Posted by admin

That's a good question, one which we haven't thought of yet. We will have to ask them how they handle that.

The person donating the money would get the deduction. All you
need is your cancelled check or whatever statement you get from
pen pal incase you were audited.

[admin]

Let's keep it going everyone! Thanks to all that have contributed so far!

[Baileys_Momma]

Originally Posted by ARCHIE

The person donating the money would get the deduction. All you
need is your cancelled check or whatever statement you get from
pen pal incase you were audited.

Admin - can you please validate that you, the organization, will not be taking the credit, and we, the members will be able to. As a CPA I find that this could become a sticky matter because you are donating to YT directly not the UYR. Because the UYR is a not-for-profit you can write it off on your taxes, however I do not believe tha is the case when donation to YT.

Also, being that YT has already raised their $250.00 matching contribution wouldn't it be easier to donate directly to UYR anways? It cuts out the middle man right?

[livingdustmops]

Courtney you are right regarding tax right offs. Unless YT is a 501c3 not for profit organization then members that donated to YT will not get a tax write off but they would if they had made the donation directly to UYR as they are classified as a 501c3. For this purpose I made my donation directly to UYR.

From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Not-for-profit_corporation
A Not-for-profit corporation is a corporation created by statute, government or judicial authority that does not issue stock. It is created with a specific purpose, educational, charitable or related to other enumerated purposes, it may be a foundation, a charity or other type of non-profit organization. Such a corporation is subject to the general laws of corporations as adapted. In some cases it may also be a public corporation. In many countries these entities are subject to exemption from various tax laws, in certain circumstances. Regarding the more general group of organizations created for non-remunitary purposes see: Non-profit organization. Regarding US tax law applying to these organizations see: intermediate sanctions, unrelated business activities.

[ARCHIE]

We were told to mark your contribution UTR so Admin would know where
the contributions were going. My check was made out to UTR not YT there-
fore I can use it as a deduction. How were the contributions through pay pal
made?

[livingdustmops]

Originally Posted by ARCHIE

We were told to mark your contribution UTR so Admin would know where
the contributions were going. My check was made out to UTR not YT there-
fore I can use it as a deduction. How were the contributions through pay pal
made?

As long as the check or donation was made out to the organization that has a 501c3 then you can get the donation.

[ARCHIE]

Originally Posted by livingdustmops

As long as the check or donation was made out to the organization that has a 501c3 then you can get the donation.

Thanks

[Baileys_Momma]

Originally Posted by livingdustmops

As long as the check or donation was made out to the organization that has a 501c3 then you can get the donation.

This is why there would be an arguement over the donations made by our members via Paypal directly to YT. The message from Admin stated this:

Originally Posted by admin

For every DOLLAR you donate, YorkieTalk will match it (up to $250 dollars in total overall donations). We will take donations via Paypal at donations@yorkietalk.com

What this says is that YT will reedem the benefits of the tax deduction for each person that donated money to UYR via PAYPAL to YT.

I don't want to start a debate here but I don't think that is fair. Many people, including myself, for tax reasons must donate so much money each year to different 501c3 corporations in order for a hefty tax write off due to the tax brackets we are in.

I also understand that there are people out there too that will donate just because and could care less about the tax deduction but I don't think it is fair for someone else, wheather it be a person or a forum or company take a tax credit when it doesn't belong to them. Actually, I beleive, if I remember correctly that it would be considered tax fraund but I will look into that further to get the accurate wording on the RCW.