[Openmcl-devel] Tax deductibility of contributions to the M1 port

[David Cooper]

If a campaign were to be done under auspices of the  Common Lisp Foundation (CLF), that goes through the ALU in the U.S., which is a 501(c)3.


Dave Cooper ---- On Mon,01 Jan 2024 21:03:41 -0500  bradfordmiller at mac.com  wrote ----
> On Jan 1, 2024, at 12:35 PM, openmcl-devel-request at clozure.com wrote:
> 
> 
> Date: Mon, 1 Jan 2024 10:26:37 -0700
> From: Laughing Water <lw at mt.net>
> 
> But what would be the point of a 501(c)3 other than being able to accept tax-deductible donations? It seems to me that the vast majority of donors would be able to write off the donation through their business or as an unreimbursed business expense.
> 

I don’t know about the majority of donors, but a 501(c) can accept money from donor-directed charitable funds, which would probably be appealing to the well-heeled. And note that unreimbursed business expenses are generally no longer deductible (since 2018).
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