Barry_Green
Moderator
I agree, it makes a huge difference to the individual being solicited. It does guarantee them something of a "return of their investment", at least to the degree that whatever their tax bracket is.Well, I really an interested in Barry's advice of partnering with a 501C3, as it allows people to get something back with their donations (i.e. tax break). If you could pull off such a partnership, I think that'd be great! I just don't see people donating any significant amount of money if they don't get to take it off their taxes.
And this is what makes Section 181 of the IRS tax code so interesting -- it lets investors take that same tax break on their investment. So they get 100% tax deductibility, as well as getting ownership and profit participation.
Another nice thing about a group like Fractured Atlas is that they're set up to take credit card donations, so they make it easy for the potential donor to participate.