--- In [email protected], "sparaig" <[EMAIL PROTECTED]> wrote: > > --- In [email protected], Rick Archer <groups@> wrote: > > > > on 8/18/06 11:10 AM, sparaig at sparaig@ wrote: > > > > > > If you want money spent for a specific project, you have to specify that it is > > > being spent for > > > that project. Otherwise, a non-profit can spend it on anything it wants as > > > long as it is still > > > in the charter for it's existence. > > > > > Ed Beckley used to do that. He would see a road on campus that needed > > fixing, get bids from contractors, then donate money to fix the road, > > specifically ear-marked for that purpose. The money would disappear and the > > road wouldn¹t be fixed. > > > > How many times did he do this? And if he really wanted it fixed, why didn't he pay the > contractors directly?
Because he wouldn't have been able to get the charitable tax deduction for it. And he wouldn't have been able to pay for it himself and use it as a deduction for his own business because that would have been fraud. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
