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Donation vs. Contribution


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#1 jpatrick85

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Posted 01 March 2011 - 07:01 AM

Hi all, I have a question and was looking for some insight.

Are there any legal considerations when accepting a "donation" or "contribution" from a consumer, subtracting our own operating expenses and salaries, then funneling the remainder to charity or non-profits of the consumer's choosing?

Do we need to call it a contribution from the consumer and not a donation?

I assume this is the same model used  by organizations like United Way, I just want to make sure that there are no legal roadblocks or issues that I'm missing.

Does anyone have any literature I could read about this model?

We are a for-profit organization.

Thanks for your help.


#2 FindLaw_Amir

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Posted 11 March 2011 - 08:33 AM

Because your questions involve specific issues that need to be answered, I suggest you consult with local counsel. An expert in business law would get right to the point of the questions you are asking. You may wish to use the FindLaw: Business Lawyers Directory. Many of the lawyers do offer a free consultation. Hope that helps.

FindLaw's Legal Heads-Up! newsletter can provide you with the legal resources you need to make informed decisions when law touches aspects of your everyday life.




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