Quote:
Originally Posted by Andrew Schreiber
Trust me, you probably won't donate enough to go past the standard deduction (I am NOT an accountant though, please consult with one). Even with all my travel and stuff (5 events, 1 hour drive to robots every day) I didn't go past the standard deduction. Basically, unless you're paying entry fees it's not really cutting down what you pay in taxes.
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If you're already itemizing deductions, though, every bit can generally be deducted. Those six figure alumni may also have a mortgage and property taxes and be well into itemizing land...
Great idea, but I would also suggest that given the choice, I'd rather have that alumni's mentorship time helping my team, over his money...!