Need some creativity
This is a discussion on Need some creativity within the Other Nonprofit Law Issues forum, part of the NONPROFIT LAW & FUNDRAISING category; Hi! I have an interesting situation. May a parent contribute money to a non-profit helping the needy and the org. ...
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#1 |
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Guest
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Hi!
I have an interesting situation. May a parent contribute money to a non-profit helping the needy and the org. then go and give charity to the married children (living on their own) of the the donor/s. I know it sounds like the parent is using the non-profit for a tax deduction, but the parent isn't legally obligated to their married children, so any help is charity. Charity as you know begins at home. If this can't work with a parent-org-child setup, is there any way to make it work. i.e. parent-org1-org2-child, or parent-donor advised fund-org-child. If the parent contributes $100 and the child only recieves part of the money, does it make a diference. If so what percentage is allowed. Is there a legal way? This issue has come to me and a solution would be helpful to some really needy people. Thank you, Gabe |
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#2 |
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Guest
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to my (good) best knowledge, this is forbidden. Money that is given to charity can't be designated to a family member. A charity can't serve as a pass through for that.
In theory if you desginate scholarship donation to your university, they need to have a very clear set of critera for its distribution, if a family member applies for scholarship and he/she meet the critera and given one... this is ok, but it needs to be as objective as a process can be. i hope this is helpful. best ET |
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#3 |
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Top Level Member
Join Date: May 2007
Posts: 872
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You may want to consult with trust lawyers or others to see if something similar may be set up but I also don't see this through a nonprofit.
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#4 |
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Junior Member
Join Date: Feb 2008
Posts: 1
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Thanks for the answers.
I'm hoping someone could come up with a way to accomplish this. There are some very interesting entities out there, as I have have found googling, for example: http://www.npr.org/templates/story/s...toryId=5590281 Don't be shy, speak up! ![]() Thanks in advance. |
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