Archive for the ‘Tax & Compliance’ Category

Charitable fundraising-why is it profitable?

Sunday, July 29th, 2012

Charitable fundraising,donationsThe organizations of charity are organizations that do not see profit. They are organizations that have an aim of providing certain benefits to certain sections of the society that are deprived in certain ways. The fund that is surplus is used for such activities that would be appropriate for the welfare of the society. There are various kinds of organizations that are active in fundraising events.

The funds are raised in these programs are profitable to the organization but not in the conventional sense of the word. The fund is used by the organization to implement certain actions that would help the cause. If the results of the actions are worth mentioning, the organization would have a better resume and it would be able to get government aid because of its credibility that has been increased by the results. Increased credibility will make them, appealing to the private financers who are looking to make charitable investments as a tool of acquiring tax deduction benefits.