What is the name of your state? California
I'm currently developing a website that will allow people to pay for ad space, where a percentage of the proceedings will be going to Breast Cancer Research. The idea behind this site is to allow business the opportunity to buy selective web space on my domain to advertise their business/organization. The way I would like to set this up is, As an incentive, allow a portion of the money spent on the ad space to be tax deductible for the company. For example, 90% of the proceeds will be donated, and I am selling space in amounts of $100. Company A purchases 10 spaces for a total of $1000, meaning $900 of that money will be donated. Then Company A is able to claim that $900 as tax deductible, since it is being donated to a tax deductible charity.
Specifically what I'd like to know is, is this even possible? also, Would I have to be a charity myself to make this happen? I've been reading as much as I can find online, but with no actual legal council available, its a bit tough making these connections myself. Any/all advice you guys can give would be appreciated! If you need any more information from me, feel free to ask! Thank you!
-Ryan
I'm currently developing a website that will allow people to pay for ad space, where a percentage of the proceedings will be going to Breast Cancer Research. The idea behind this site is to allow business the opportunity to buy selective web space on my domain to advertise their business/organization. The way I would like to set this up is, As an incentive, allow a portion of the money spent on the ad space to be tax deductible for the company. For example, 90% of the proceeds will be donated, and I am selling space in amounts of $100. Company A purchases 10 spaces for a total of $1000, meaning $900 of that money will be donated. Then Company A is able to claim that $900 as tax deductible, since it is being donated to a tax deductible charity.
Specifically what I'd like to know is, is this even possible? also, Would I have to be a charity myself to make this happen? I've been reading as much as I can find online, but with no actual legal council available, its a bit tough making these connections myself. Any/all advice you guys can give would be appreciated! If you need any more information from me, feel free to ask! Thank you!
-Ryan