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Wikipedia and its fellow sites are hosted by the Wikimedia Foundation, a non-profit organisation based in the United States. Sites like Google or Yahoo are hosted on thousands of servers, with thousands of employees; we have around 800 servers and around 350 staff, and cover our costs through donations—almost all from members of the public.
[1] [14] [15] A small fundraising campaign to keep the servers running was run in October 2003. [16] In 2005, the foundation was granted section 501(c)(3) status by the U.S. Internal Revenue Code as a public charity, making donations to the foundation tax-deductible for U.S. federal income tax purposes. [17]
However, that charity might not be a real one — or at least not an organization eligible for a tax deduction. Be suspicious of people who randomly ask for donations, and look up information ...
A qualified charitable distribution (QCD) is a direct transfer of stock or cash from an eligible IRA to a qualifying charity. When you make a QCD, the distribution is excluded from your taxable ...
There is a vast difference between charity fundraising agencies and marketing companies. Fundraising agencies usually pay a flat rate to fundraisers, whereas marketing companies often work on a purely commission basis, meaning the fundraiser is under greater pressure to complete the donation leading to higher pressure tactics to being used.
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In philanthropic giving, foundations and corporations often give money to non-profit entities in the form of a matching gift. [2] Corporate matches often take the form of employee matching gifts, which means that if an employee donates to a nonprofit, the employee's corporation will donate money to the same nonprofit according to a predetermined match ratio (usually 1:1).
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