 I want to give money to my kid's school's parent club
I'm confused on how to treat a donation on my books.
It doesn't seem right, to me, to sell shirts with my kid's school name on it if the school does not benifit from the sale.
So I want to give/donate some money to the parent club for every shirt that is sold through my business.
I'm sure that if a check shows up every month, the parent club would not complain about getting the money but how do I treat the donation on my books?
I'm guessing that parent clubs are non-profits? so does that make it a donation? And do have have to request a donation receipt from the club?
What are the rules on donations? Is there a limit to how much I can donate a year. Can I treat it as a business expense? |