Austin R. asked
I have created a for-profit entity called Supplier Giving Alliance (SGA) under a corporation in Nevada. SGA's purpose is to facilitate donations from suppliers to a 501(c)(3) non-profit. Can suppliers write checks to SGA, receive a receipt from SGA for the total amount donated, and then SGA transfer the funds to the non-profit, retaining a 20% commission for administrative costs? Is this transaction legal?
July 19th, 2023
Elizabeth S. answered
Yes, the transaction is legal as long as the funds ultimately go to the non-profit. SGA can retain a...
July 19th, 2023
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