Author Topic: Donations Received to August 01, 2021 FYI  (Read 2482 times)

0 Members and 1 Guest are viewing this topic.

Online Ron Besser

  • Administrator
  • Hero Member
  • *****
  • Posts: 5431
    • View Profile
    • Email
Donations Received to August 01, 2021 FYI
« on: December 03, 2020, 09:29:36 pm »

Click on the picture to enlarge it for viewing.
A Pie Chart is added below with revisions and explanations for changes from the July chart. (under construction)

Mail your donation help of check or money order to avoid cost of charges by PayPal or cards to:

The Magisterial Foundation
2709 Sunset Lane
York, PA., 17408-9566

(The Magisterial Foundation is a charity operating as a 501 c 3 corporation. Income Tax deductible contributions may be claimed in the USA.  Your government may have a similar program to check on too.)

Scroll Down for more info:

How Your Gift Is Spent:

The account is assigned income from royalties and not to the author.  The Magisterial Foundation owns the books.  Books to publish cost about $13,500 each and two (2) books have been paid for as of August 01, 2021.  Costs and percentages against total donations are shown on the chart now.  Not all book publishing expenses have been paid for thru the Magisterial Foundation either.

Please note that the account holds a balance in excess of the pie chart numbers, as I created the account with  my personal resources when I opened the charity for business in 2014.  That loan addition I paid in  is what  we draw against when donations do not carry the full costs.  I consider the start up balance of 2014 to be a no-interest loan and do not show the loan so the member can see how donations are meeting expenses.  Thank you. Ron Besser

« Last Edit: July 30, 2021, 02:01:03 pm by Ron Besser »
Located in Historic York, Pennsylvania

Offline felibon

  • Full Member
  • ***
  • Posts: 111
    • View Profile
    • Email
Re: Donations Received to 27 January 2021 FYI
« Reply #1 on: January 28, 2021, 05:52:13 am »
Hello Ron!
Have you ever considered the option to recibe donations on crypto currencies like Bitcoin, USDC etc?
As other charity organizations do like
It could be a great option for low fee transactions all arround the world and i think US goverment treats it as ....“The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax deductible. Your contribution is tax-deductible to the fullest extent permitted by law. For example, for donors in the United States, the IRS has classified Bitcoin as property for tax purposes”
Who knows.. just an idea !

Online Clency

  • Hero Member
  • *****
  • Posts: 2106
    • MSN Messenger -
    • View Profile
    • Email
Re: Donations Received to 27 January 2021 FYI
« Reply #2 on: January 28, 2021, 10:46:16 am »
Ron, it is all up to the owner of a cryptocurrency to make a transfer to a bank account through a third party where the crypto is converted into fiat. Crypto-owners know well how to do this kind of transaction and the receiver has nothing to worry about, only just wait for two or three days for the money to show-up into your account.
I am your servant, I am your liegeman, it is my will that your will be done.