Assume for a moment that you’ve invested a lot of money into a tech startup. While reviewing the company’s financials, you see that they’ve given 5% of their post-tax profits (a portion of which belongs to you) to arts education charities. How do you feel about that?
4 reasons not to add restrictions to a donation
In an attempt to “do it the right way” many companies, foundations, and individuals add specific conditions to their charitable donations. But adding restrictions to a gift adds unnecessary complexity, reduces the impact of the gift, and in some cases can turn out to eliminate your tax deduction. In other words, it's generally a bad idea.