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Comment by 0xfaded

I've been in a similar place raising funds for a makerspace. Sponsorship is a marketing expense for a company and can be accounted for as a cost of doing business. A private donation is hit by income tax and, where I live, depending on the structure VAT.

I used to be 100% against tax deductible contributions to not-for-profits. I've turned 180 on this. Citizens are much better at allocating funds to worthy causes than a central government.

In the case of our Makerspace, we couldn't get any public funding because we didn't fit into a predefined category such as a "sports team", and operating a garage full of tools could be seen as competing with private industry. Somehow there was money available for the lawyers who delivered that opinion to the local government though.

parent 0xfaded 5 years ago

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