Help With For Profit Business Looking To Donate To Charity
January 4, 2011 7:25 PM Subscribe
This may be one of those "you should consult a lawyer" questions, but I thought I'd give it a shot and see if anyone might be able to help. Basically, I'm in the middle of starting a business that will be donating 50% of our net profits to charity, but I have a few questions:
- Is it illegal to mention the specific charities we plan on donating to? Do we need consent from each charity?
- Can we publish our donation receipts online? We want to show our customers how we're doing with our donation goals and we'd like to do a monthly blog with our receipts. Personally, I can't really think of WHY this might be frowned upon, but I thought I should at least ask before brazenly posting away.
- To anyone that might have specific experience in this matter, are there any other laws or "fine-print" I should be aware of when donating through a for-profit business? I'm obviously going to emphatically state that we are donating NET profits as opposed to gross profits.