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Mark Zuckerberg donates $100 million to Newark public school


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Atma
Title: Dragoon
Joined: Apr 29 2010
Location: Cincinnati, OH
PostPosted: Sep 23 2010 10:29 am Reply with quote Back to top

http://www.cnn.com/2010/TECH/social.media/09/23/zuckerberg.donates.money.mashable/index.html?hpt=P1&iref=NS1

In the story there is some "speculation" that this might be a PR move due to the new movie "The Social Network" Getting ready to come out.

Either way, the man is taking more money that I'll ever see in my life and giving it to one of the worse public school systems. Good on him.
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GPFontaine
Joined: Dec 06 2007
Location: Connecticut
PostPosted: Sep 23 2010 11:27 am Reply with quote Back to top

Good for him, and for the school system.

It is always nice to see large donations that have both direction and domestic consequences. The US could stand to have more of this happen during this shitty recession.



 
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Ice2SeeYou
Title: Sexual Tyrannosaurus
Joined: Sep 28 2008
Location: South of Heaven
PostPosted: Sep 23 2010 01:41 pm Reply with quote Back to top

Do charitable donations received get taxed? Meaning how much of that $100M will the school receive?

If I was super-rich, I'd make all my charitable donations under the table. I'd hate the fact that my intended recipients are only receiving a portion of the money I donated.


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aeonic
Title: Sporadic Poster
Joined: Nov 19 2009
Location: Kissimmee, FL
PostPosted: Sep 23 2010 01:52 pm Reply with quote Back to top

I'm fairly certain that they are taxed, especially one in the hundred million dollar range. Do you really think the gov'd pass up a chunk of that change, even though it's almost meaningless considering that they just print more money anyhow?


Who likes role-playing games? Me. Way too goddamn much.
 
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Ice2SeeYou
Title: Sexual Tyrannosaurus
Joined: Sep 28 2008
Location: South of Heaven
PostPosted: Sep 23 2010 02:22 pm Reply with quote Back to top

aeonic wrote:
I'm fairly certain that they are taxed, especially one in the hundred million dollar range. Do you really think the gov'd pass up a chunk of that change, even though it's almost meaningless considering that they just print more money anyhow?

Yea that's what I figured.

I know you get a huge tax-writeoff for charitable donations, but all the same I think I'd try to find ways to minimize the amount that my donations got taxed. Hell, I'd rather hand each student in the school district 50 grand in a sack with a dollar sign on it than let the government take 50% of the money I tried to use for a good deed.


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Atma
Title: Dragoon
Joined: Apr 29 2010
Location: Cincinnati, OH
PostPosted: Sep 23 2010 05:06 pm Reply with quote Back to top

Ice2SeeYou wrote:
I know you get a huge tax-writeoff for charitable donations, but all the same I think I'd try to find ways to minimize the amount that my donations got taxed. Hell, I'd rather hand each student in the school district 50 grand in a sack with a dollar sign on it than let the government take 50% of the money I tried to use for a good deed.

I wish all my pay checks came in Dollar Sign Sacks. It would make me so happy.
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The Opponent
Title: Forum Battle WINNER
Joined: Feb 24 2010
Location: The Danger Zone
PostPosted: Sep 23 2010 05:38 pm Reply with quote Back to top

He wants all of the students' permanent records.


I'm not a bad enough dude, but I am an edgy little shit. I'll do what I can.
 
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SoldierHawk
Moderator
Title: Warrior-Poet
Joined: Jan 15 2009
Location: San Diego, CA
PostPosted: Sep 24 2010 01:21 am Reply with quote Back to top

Good for him. I also don't think it's really a PR move; from what I understand, the movie is largely fictitious and pretty much entertainment-only.


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Atma
Title: Dragoon
Joined: Apr 29 2010
Location: Cincinnati, OH
PostPosted: Sep 24 2010 03:31 pm Reply with quote Back to top

SoldierHawk wrote:
from what I understand, the movie is largely fictitious and pretty much entertainment-only.

As are most "Based on A True Story/Events" Movies.
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SoldierHawk
Moderator
Title: Warrior-Poet
Joined: Jan 15 2009
Location: San Diego, CA
PostPosted: Sep 24 2010 10:44 pm Reply with quote Back to top

I'm not sure this one even purports to be that true. I heard that pretty much everything but the names and Facebook itself is made up.

Just hearsay, but eh.


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William Shakespeare wrote:
Love all, trust a few, do wrong to none.

 
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