Q&A: Do businesses “make money” by donating to charity?

Posted on August 25th, 2011 in Money

Query by Justin: Do companies “make money” by donating to charity?
For little businesses, does the act of creating charitable donations somehow put more dollars in your pocket?

The way I see it, if you donate $ 500 to charity, then you have $ 500 less in your pocket. If you don’t donate to charity, your income is taxed a percentage of that additional $ 500. (which would be less than $ 500)

I was beneath the impression that businesses did it for tax purposes in addition to goodwill, but I cannot figure out how it would benefit a enterprise other than producing them feel very good about themselves.

Finest solution:

Answer by Widespread Sense
It makes clients feel much better about the firm as nicely. Excellent corporate citizenship is great enterprise. It keeps a company’s name out there so in several approaches it’s a form of marketing.

What do you feel? Answer under!

Tags: businesses, Charity, donating, money

Q&A: Do businesses “make money” by donating to charity?

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