True but they don’t make money with this, they still have to spend most of the money.
From your link is a great example:
To illustrate, suppose that the American Cancer Society is hosting a formal dance as a fund-raiser (the ACS is a certified charitable organization). Further suppose that the fair market value of a ticket to the dance is $75, and that the donor pays $375 to purchase a ticket. The donor may claim only a $300 deduction, because the amount contributed ($375) is reduced by the amount of the benefit that he received ($75, the fair market value of the ticket). This holds true even if the donor does not actually attend the dance.
The taxable income of the donor is reduced by $300. If the donor’s income was in the 35% income tax bracket both before and after the deduction, the donor’s tax liability (amount of taxes owed to the government) is reduced by $105.
I don’t know why they would kill off a tax ride off.
I can’t tell if you are serious.
American companies get tax breaks for charity and they all exploit the shit out of it.
True but they don’t make money with this, they still have to spend most of the money.
From your link is a great example: