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World Community Grid Forums
Category: Support
Forum: Suggestions / Feedback
Thread: tax deductible donation? |
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Thread Status: Active Total posts in this thread: 33
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TimAndHedy
Senior Cruncher Joined: Jan 27, 2009 Post Count: 267 Status: Offline Project Badges: 
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It don't see anything incompatible with 501(c). OF course I am not a lawyer.
"Advancement of education or science" is one of the categories for charities in the US. This seems to qualify nicely in that category. I realize the current management structure probably have to change but that's OK with me. |
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Sekerob
Ace Cruncher Joined: Jul 24, 2005 Post Count: 20043 Status: Offline |
Past comment from admin:
----------------------------------------http://www.worldcommunitygrid.org/forums/wcg/printpost?post=219932 US centricity, WCG gets majority of it's contributions from outside the USA , the starters question clearly focused on non-US tax jurisdiction. http://www.worldcommunitygrid.org/stat/viewStatsByRegionY.do?sort=cpu
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TimAndHedy
Senior Cruncher Joined: Jan 27, 2009 Post Count: 267 Status: Offline Project Badges:
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That's is fine. I take it as an expense with no problems.
I just don't like to see it can't be done posted. It probably could be be done but there may be good reasons not to. Although I expect having US tax deduction could expand the network by more than you may think. |
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Sid2
Senior Cruncher USA Joined: Jun 12, 2007 Post Count: 259 Status: Offline Project Badges:
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That's is fine. I take it as an expense with no problems. I just don't like to see it can't be done posted. It probably could be be done but there may be good reasons not to. Although I expect having US tax deduction could expand the network by more than you may think. I know IBM writes off every dime. . . . . . and the foundations that support WCG likewise. One of the members of my team has enough computing power to heat an office building. . . a tax deduction would give him the excuse for more.  |
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TimAndHedy
Senior Cruncher Joined: Jan 27, 2009 Post Count: 267 Status: Offline Project Badges:
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Correct.
----------------------------------------I would be curious if they also deduct computing time and if so what formula the use. That assumes of course they support the gird by doing standard computations like the rest of us. Anyone know? [Edit 1 times, last edit by TimAndHedy at Jul 15, 2009 3:44:05 PM] |
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Sekerob
Ace Cruncher Joined: Jul 24, 2005 Post Count: 20043 Status: Offline |
They take this as a normal business expense, lest tax code requires this to be split out as a philanthropy item in the US, disclosure and what not. At any rate I doubt the employee workstations that run this at IBM around the world have it split out. It's as I understand it run in a Power Saving profile mode... Station Idle, hibernate.
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Sekerob
Ace Cruncher Joined: Jul 24, 2005 Post Count: 20043 Status: Offline |
If you really want to expand, I don't, here's a quick fix on philanthropy and it's international angles:
----------------------------------------http://www.ncpg.org/igpa/igpa_peebles.asp?section=14
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
IBM isn't a charity, and isn't (and can't be) a 501(c)(3) certified organisation. Legally, World Community Grid is part of IBM.
To get 501(c)(3) status, IBM would have to reconstitute World Community Grid as a separate legal entity. Doing this in such a way as to guarantee 501(c)(3) status looks very difficult to me, since a public charity must be funded mostly by the general public or government. A charity that is 100% funded by IBM and gets 100% of its services from IBM would be a highly dodgy proposition, so 501(c)(3) status would require some major changes, and I honestly don't see it ever happening (although I would like it to happen). So far as other countries are concerned, there are usually residency requirements that World Community Grid simply couldn't meet. The best solution, perhaps, would be to establish World Community Grid's primary offices in Switzerland. |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
TimAndHedy. I must say that I am a bit of a badge hunter and think that contributing to anythig on the WCG advances all sciences( due to dedicated vs. nondedicated machines.) but your 2 badges speak volumes. hats off to you. it is great to be dedicated to specific sciences and i wish i were as dedicated to contribute only to a specific science/s as well!!
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
Hello, I've contributed almost 13 cpu years so far to this project and I like it a lot. Is it possible to get a certificate for this contribution from IBM that shows that it is a donation and makes it tax deductible? I'm talking about Europe in my personal case, but I think many people would like this. Tom, Why don't you write Ms. Linda Sanford, Senior Vice President of E...chnology, IBM Corporation and see what she has to say? Seems like she's have something to contribute to your comments / questions. First, I suspect she or one of the folks on her corporate legal staff could adequately address all your questions. Second, I doubt she's that hard to find to either send an email or a letter. Finally, considering IBM Corporate Citizenship: Helping to build a smarter planet I wouldn't want to speak or presume anything for anyone or corporation but it seems like you have something of a reasonable question to ask one of the corporate officers involved in supporting this project. [Edit 2 times, last edit by Former Member at Jul 16, 2009 1:55:13 AM] |
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