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Re: Another View (Was Review of AMNH Lost World Exhibit)
> From: Wabandco@aol.com
> In a message dated 97-08-09 20:14:38 EDT, Judy Molnar writes:
> << In fact, a few corporate sponsors start out as just donors to get the tax
> break >>
> Actually, this is never true unless the sponsor doesn't understand the tax
> system; the maximum rate of taxation in any state in the US is a bit over
> 40%; thus, for a 40 cent tax savings, a donor must spend a whole buck,
> resulting in a 60 cent cost. So there MUST be some other, additional
> motivation behind it - presumably, a decent sense of what is right.
> Charitible contributions never make sense on the basis of their tax
> deductibilty alone. So give any contributor some credit...
Corporate sponsors do not contribute money to be nice. Corporations
have one purpose: to maximize profit for their investors. If they
can create a positive impression about their organization by giving
money to some popular cause-of-the-moment, they'll do it, especially
if it takes some of the heat off of them for, say, selling tobacco to
children in the so-called Third World.
I've sat around in deal closings when there's a delay for some reason
and heard the signatories (usually board members) discuss their
contributions. You know what they want to know about the choices,
without fail? "What's in it for us?" (I have heard these exact words
And why shouldn't they ask? If the board of directors used
corporate funds to "do what is right," they would be betraying their
charge to serve the shareholders and would, in most states, also be
breaking the law (it IS the shareholder's money, after all).
Another cheerful message from me,
"Atheism: a non-prophet organization"