Index  | Recent Threads  | Unanswered Threads  | Who's Active  | Guidelines  | Search
 

Quick Go »
No member browsing this thread
Thread Status: Active
Total posts in this thread: 6
[ Jump to Last Post ]
Post new Thread
Author
Previous Thread This topic has been viewed 1180 times and has 5 replies Next Thread
digitaloz
Cruncher
Joined: Sep 7, 2005
Post Count: 6
Status: Offline
Project Badges:
Reply to this Post  Reply with Quote 
Is the computer time donated, tax deductible.

There must be a few tax lawyers in the group. The question at hand is: Is the computer time donated to a non profit organization such as this take deductible?

My thought is to take the cost of the computer and spread it over 3 years of time(the depreciation period). Then take the number for earned credits and multiply them by the time value of a credit. Take that amount of actual donated timed and multiply it by the cost of the computer for that time.

If anyone has an exact formula, or knows how the IRS would react to this donation, I would be very interested?

Thanks

DigitalOZ
[Oct 4, 2008 8:17:02 PM]   Link   Report threatening or abusive post: please login first  Go to top 
Former Member
Cruncher
Joined: May 22, 2018
Post Count: 0
Status: Offline
Reply to this Post  Reply with Quote 
Re: Is the computer time donated, tax deductible.

No. Sorry.

World Community Grid is not registered as a charity, so you would find it very difficult to claim a deduction.
[Oct 4, 2008 8:27:29 PM]   Link   Report threatening or abusive post: please login first  Go to top 
digitaloz
Cruncher
Joined: Sep 7, 2005
Post Count: 6
Status: Offline
Project Badges:
Reply to this Post  Reply with Quote 
Re: Is the computer time donated, tax deductible.

That's too bad.

With energy costs climbing along with general living expenses, I was trying to find a way to keep going with this project. The money I could have saved in taxes could have paid the way for my computers to keep on trucking.

And if I'm feeling the pinch, so must everyone else, except for those that have money to burn.

The grid should start to see a significant drop in my activity over the next couple of weeks. Unless something interesting happens to differ the cost, I'll be forced to shut down more and more of my computers to conserve energy.

Since the grid is a not for profit organization, perhaps it may be wise to register as a charity. Certainly most of what is discovered in these projects will be to the benefit of all of all mankind. What better of a charity description can you have?
[Oct 4, 2008 8:48:49 PM]   Link   Report threatening or abusive post: please login first  Go to top 
Former Member
Cruncher
Joined: May 22, 2018
Post Count: 0
Status: Offline
Reply to this Post  Reply with Quote 
Re: Is the computer time donated, tax deductible.

World Community Grid only ask that you give your normal idle time on computers you are using. Any extra time you give is up to you - and gratefully received, of course.

World Community Grid have looked at getting charitable status, and I hope they will explore the possibility again. But currently, they are firmly embedded in IBM.
[Oct 4, 2008 9:29:34 PM]   Link   Report threatening or abusive post: please login first  Go to top 
digitaloz
Cruncher
Joined: Sep 7, 2005
Post Count: 6
Status: Offline
Project Badges:
Reply to this Post  Reply with Quote 
Re: Is the computer time donated, tax deductible.

Interesting.

I saw that the project was powered by IBM, but I thought that IBM was donating infrastructure to the project. I had no idea the project was actually owned by IBM. I suspect this is a non for profit corporate structure that has IBM holding most if not all of the governing shares of stock.

If IBM is footing the bill for the infrastructure, does IBM deduct the expense of this project from it's gross profit, or is this strictly a goodwill event?

It would certainly be unfair if IBM was able to deduct it's cost to run this project and it's participants, the individuals that are contributing the lion share of the processing time were not able to offset theirs.

True I was not forced into participating in this project, but it appears to be one of the few games in town. The same could also be said for IBM.

I have five computer in my house. One for each of the bedrooms and two in the general living area. Each provides communications and entertainment from a central core. They are used for homework, games, research, accounting and communications. My children have grown up and moved out on their own so I was looking for a reason to keep their computers up since the projects the computers are working on seemed important. I guess you're telling me these projects are not that important.

I appreciate you looking into this matter. I would like to find a way to keep the project moving.

Many of my friends also contribute to the project and we use the project as a away of doing computer drag racing between each of our machines in a friendly competition. I'm certain that aspect will continue regardless of the final outcome of your determination as to the value of the contributions made.

DigitalOZ - also at IBM.
[Oct 4, 2008 10:17:48 PM]   Link   Report threatening or abusive post: please login first  Go to top 
Former Member
Cruncher
Joined: May 22, 2018
Post Count: 0
Status: Offline
Reply to this Post  Reply with Quote 
Re: Is the computer time donated, tax deductible.

Hi digitaloz,
I looked into this back in 2004. The situation may have changed, but at that time I was unable to find a public distributed computing project that was tax-deductible in the USA. Non-profit and tax-deductible charity are different phrases, and the IRS defines the difference. I expect that only a tax lawyer could explain why there are no tax-deductible distributed computing projects. (As far as I know - look over all the projects at http://distributedcomputing.info/projects.html ) Is it just the number of hoops that have to be jumped through or is it some basic definition of charity?

Lawrence
[Oct 5, 2008 12:17:53 AM]   Link   Report threatening or abusive post: please login first  Go to top 
[ Jump to Last Post ]
Post new Thread