In loving, living memory, John Melançon 1928 – 2007
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How much can board members donate to PWGD?
Fri, 2008/11/07 - 12:57pm — Benjamin Melançon
Best question ever:
how much can board members donate? If they can donate to their own charity their the board member of? And, how often can they donate? What's the limit of the donation?
That was in response to my statement (while announcing the intention to go forward with EVNN with Knight funding or not) that "I will be adding to all donations the legal maximum one person can donate, which I think means I can add 50% to everything donated, for as long as my money holds out."
The formula is not straightforward if I recall but I thought it comes out to a single person being able to contribute something like a third of all donations to a 501c3 (public charity) nonprofit.
The true answer will lie somewhere whithin "IRS Completed 2008 Form 990 Instructions and Background Documents" but I haven't found it yet.
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Favorite Quotations
America touts itself as the land of the free, but the number one freedom that you and I have is the freedom to enter into a subservient role in the workplace. Once you exercise this freedom you’ve lost all control over what you do, what is produced, and how it is produced. And in the end, the product doesn’t belong to you. The only way you can avoid bosses and jobs is if you don’t care about making a living. Which leads to the second freedom: the freedom to starve.