13 ms·
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 ca
by rescripting 13y ago
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.
- kmfrk 13y agoIn 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.
- dpe82 13y agoThey should be able to declare an in-kind contribution at some reasonable hourly rate for the engineers' time.
- jaggederest 13y agoUsually doesn't work that way, unfortunately. I can't donate my time through LLC and get a tax break, at least.
- huherto 13y agoI 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.