My company did this matching corporate thing also. Though I chose not to
participate, and made my donation directly.
Here is my issue. Company X decides it will match $ for $ of employee
contributions. Send your check to corporate HQ.
Company X takes employee deposits into there accounts and writes a check for
2 x $ contributed.
Does company X get to deduct 100% of what they contributed without having to
count the $ received by employees? In other words...
If employees contribute $500,000, for a net donation of $1,000,000. If the
company rights off the $1,000,000 as a tax deduction, they would get a
$400,000 deduction 40% taxes, or there net contribution would be only
$100,000, though they get to advertise a $1,000,000 contribution. Sounds
like a good deal to me.
Of course I could be way off here... Feel free to correct my Corporate
Account Practices...
Interviewing as Partner for Arthur Anderson.
Rick Cone
----- Original Message -----
From: "Pat Salerno" <psalerno@ix.netcom.com>
To: <autox@autox.team.net>
Sent: Monday, January 14, 2002 6:57 PM
Subject: A quick Note
> Since I drive a Porsche....this hit home....Pass it on if you like.....but
it
> does make you think...
>
> Date: Tue, 8 Jan 2002 10:28:33 -0500
> > CNN Headline News did a short news listing regarding Ford and GM's
> > contributions to the relief and recovery efforts in New York and
> > Washington. The findings are as follows......
> >
> > 1. Ford- $1 million to American Red Cross matching employee
contributions
> > of
> > the same number plus 10 Excursions to NY Fire Dept. The company also
> > offered
> > ER response team services and office space to displaced government
> > employees.
> >
> > 2. GM- $1 million to American Red Cross matching employee contributions
> > of the same number and a fleet of vans, suv's, and trucks.
> >
> > 3. Daimler Chrysler- $10 million to support of the children and victims
> > of the Sept. 11 attack.
> >
> > 4. Harley Davidson motorcycles- $1 million and 30 new motorcycles to the
> > New
> > York Police Dept.
> >
> > 5. Volkswagen- Employees and management created a Sept 11 Foundation,
> > funded initial with $2 million, for the assistance of the children and
> > victims of the WTC.
> >
> > 6. Hyundai- $300,000 to the American Red Cross.
> >
> > 7. Audi- Nothing.
> >
> > 8. BMW- Nothing.
> >
> >
> > 9. Daewoo- Nothing.
> >
> > 10. Fiat- Nothing.
> >
> > 11. Honda- Nothing despite boasting of second best sales month ever in
> > August 2001.
> >
> > 12. Isuzu- Nothing.
> >
> > 13. Mitsubishi- Nothing.
> >
> > 14. Nissan- Nothing.
> >
> > 15. Porsche- Nothing. Press release with condolences via the Porsche
> > website.
> >
> > 16. Subaru- Nothing.
> >
> > 17. Suzuki- Nothing.
> >
> > 18. Toyota- Nothing despite claims of high sales in July and August
> > 2001. Condolences posted on the website.
> >
> > Whenever the time may be for you to purchase or lease a new vehicle,
keep
> > this information in mind. You might want to give more consideration to a
> > car
> > manufactured by an American-owned and / or American based company. Apart
> > from Hyundai and Volkswagen, the foreign car companies contributed
> nothing
>
> > at all to the citizens of the United States. It's OK for these
companies
>
> to
>
> >
> > take money out of this country, but it is apparently not acceptable to
> > return some in a time of crisis. I believe we should not forget things
>
> like
>
> >
> > this. Say thank you in a way that gets their
>
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