| ▲ | ro_bit 15 hours ago | |
> He fueled the nonprofit’s growth partly through unorthodox fundraising. Tessellations offered parents a deal: pay half their tuition as a donation for a tax write-off. “Lawyers say, ‘Please don’t do that,’” Stanat recalled, “I’m like, ‘But is it illegal?’ ‘No, not illegal.’ ‘OK, great, we’ll do it.’” How? | ||
| ▲ | manquer 13 hours ago | parent | next [-] | |
This structure is not an unusual in education, especially in institutions where the tuition is smaller component of the cost and you are expected to give much more than that. A donation to the trust, or even an endowment is typical for the other component . If the institution is non profit depending on the part of the world you can claim tax benefits, or even in the tuition itself . Accounting and tax is not always black and white . At times more riskier clients may choose more aggressive practices either expecting on not being audited or be able to defend it with expensive experts if they are. | ||
| ▲ | JumpCrisscross 15 hours ago | parent | prev [-] | |
It’s how the sociopath recalls his conversation with lawyers. Not anything any lawyer’s actually saying. | ||