I love this idea, and I'd love to see more of it. However, I don't think companies are properly incentivised to offer employee time/expertise over money. You can get tax breaks for donating cash, leading a lot of companies to donate not only for the good PR, but also the kickback of a tax deduction.
A tax break for companies that also donate time/expertise would be great, although I have no idea how you'd structure it.
In San Francisco, not well. I can't submit both BuzzFeed and the Gawker network's stories, because pg blocks them, but you can google "Twitter + Charity + tax cut" and see the stories.
Comments
I love this idea, and I'd love to see more of it. However, I don't think companies are properly incentivised to offer employee time/expertise over money. You can get tax breaks for donating cash, leading a lot of companies to donate not only for the good PR, but also the kickback of a tax deduction.
A tax break for companies that also donate time/expertise would be great, although I have no idea how you'd structure it.
I am not an accountant. But the labor cost would be payed by the company and handled as a regular expense, indirectly reducing profits and taxes.
They should be able to declare an in-kind contribution at some reasonable hourly rate for the engineers' time.
Usually doesn't work that way, unfortunately. I can't donate my time through LLC and get a tax break, at least.
In San Francisco, not well. I can't submit both BuzzFeed and the Gawker network's stories, because pg blocks them, but you can google "Twitter + Charity + tax cut" and see the stories.