Quote:
Originally Posted by DrPhil
Is it or is it not true that charities have to put 100% of the donations into the charity? Does it matter whether it's "non-profit" or are they all non-profit?
Someone please answer this and stop caring about bignasty. LOL.
Wyclef said he has never paid his employees or himself with the charitable donations from Yele. So...question...since he supposedly gave 1million of his own money and it is a non-profit...really dumb questions ahead: those who work for Yele would get paid...how? Expenditures would come from...where?
|
1. Unless a donation is specifically directed to a certain fund or program, then any or part of your un-designated donation may go to administrative or operating costs. The charity may NOT just give your money away to a project or program which is unrelated to the work of the charity. The charity MAY use your donation for salaries of employees, unless you designate it otherwise.
2. You should be donating to a charity which has a 501(c)3 designation so that your donation can be tax-deductible. I also would sleep better at night knowing I could review that organization's tax forms. I won't say "all charities are nonprofits" because some charities are scams, but I can say that all 501(c)3s are nonprofits.
3. I think Wyclef misspoke and doesn't really know what he's talking about. Unless his entire staff is volunteer, their salaries are being paid from either his donations, government grants, private foundation grants, or direct public support.
I hope I answered your questions.
Threaded Mode
