So, hypothetically, if someone wanted to donate money in order to support the sport, what would be the options (IPFA, Planet Footbag, etc), and what would be the benefits of each?
I thought of this because I would like to support the production of good footbag shoes, like PF is working on, and things like this, but perhaps there is somewhere more practical for me to hypothetically donate.
Does anyone have any insight into this?
Donations to "footbag"
Just give: http://www.justgive.org/giving/donate.j ... tyId=14026& You can designate your donation. Like for example, if you want your money to go to Worlds or developing .org or whatever. I gave a little money for Worlds this year.
Matti Pohjola
If you are American, the no-brainer option is to donate to the IFPA, because they are recognized by the us govt as a non-profit organization (they have 501 c status), and you can therefore write off a donation as being tax deductible. That pretty much means that you get half of your donation back in tax relief. Not sure how it works for Canadian donors, but you should look into it.
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PegLegHolly
- Swashbuckler
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i would say donate to ifpa because steve goldberg does a lot for the sport and deserves some help. not that the money goes to steve... but he puts money in from his own pocket to make events awesome.
but if you want the money to go towards shoe production, then talk to pf.
but if you want the money to go towards shoe production, then talk to pf.
Holly Mathews
peglegholly.com
peglegholly.com
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crazylegs32
- Egyptian Footgod
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Just a few points;
1. Donating money to the IFPA does not go to Steve Goldberg. Steve donates thousands of dollars (literally) to the organisation himself. I wouldn't want to speak for Steve, but my opinion is that the IFPA really needs more people physically being involved, rather than people giving financial or moral support and relying on other people to do it for them. Financial support is good, but physical support is also good!
2. IFPA money is spent on a range of things, maintaining the website, and sponsoring worlds are the two main things. However the IFPA currently has a very small budget. To put it in perspective, I work for an environmental charity in fundraising, and the team I manage brings in a profit for the organisation greater than the yearly IFPA income every week (sometimes even in a single day). Rather than thinking about what the IFPA does now, look at other sporting organisations, and think about what the IFPA could do if more people supported it.
3. I would presume tax deductibility works the same way around the world, which would mean that Ken's comments are wrong. When something is tax deductable, that means that when you work out your income tax, you can deduct that amount from your earnings, which means you pay less tax. So if I earnt $100,000 in a year (as an example that is easy to calculate) and was taxed at 30% - I would have to pay $30,000 in tax. However if I donated $10,000 to the IFPA then I'd only have to pay $27,000 in tax - so I would "save" $3,000, but overall I would have spent $7,000 to give the IFPA $10,000. Typically tax deductibility only applies if both the charity and the tax payer are in the same country, so 501c status has no meaning at all for Australians (and maybe Canadians, I'm not a tax lawyer, so I don't know).
It's also important to note tha most countries have sliding tax scales. Many people seem to think that if you can drop down a bracket you'll pay less tax (like if you're eaning $25,001 and you donate $2 to charity). Sliding tax rates don't work like that, you pay one tax rate for all your earnings up to that rate, and then you pay a higher rate for your earnings over the rate.
1. Donating money to the IFPA does not go to Steve Goldberg. Steve donates thousands of dollars (literally) to the organisation himself. I wouldn't want to speak for Steve, but my opinion is that the IFPA really needs more people physically being involved, rather than people giving financial or moral support and relying on other people to do it for them. Financial support is good, but physical support is also good!
2. IFPA money is spent on a range of things, maintaining the website, and sponsoring worlds are the two main things. However the IFPA currently has a very small budget. To put it in perspective, I work for an environmental charity in fundraising, and the team I manage brings in a profit for the organisation greater than the yearly IFPA income every week (sometimes even in a single day). Rather than thinking about what the IFPA does now, look at other sporting organisations, and think about what the IFPA could do if more people supported it.
3. I would presume tax deductibility works the same way around the world, which would mean that Ken's comments are wrong. When something is tax deductable, that means that when you work out your income tax, you can deduct that amount from your earnings, which means you pay less tax. So if I earnt $100,000 in a year (as an example that is easy to calculate) and was taxed at 30% - I would have to pay $30,000 in tax. However if I donated $10,000 to the IFPA then I'd only have to pay $27,000 in tax - so I would "save" $3,000, but overall I would have spent $7,000 to give the IFPA $10,000. Typically tax deductibility only applies if both the charity and the tax payer are in the same country, so 501c status has no meaning at all for Australians (and maybe Canadians, I'm not a tax lawyer, so I don't know).
It's also important to note tha most countries have sliding tax scales. Many people seem to think that if you can drop down a bracket you'll pay less tax (like if you're eaning $25,001 and you donate $2 to charity). Sliding tax rates don't work like that, you pay one tax rate for all your earnings up to that rate, and then you pay a higher rate for your earnings over the rate.