Rebuilding/Non-Profit/Funding

Wimblees@AOL.COM Wimblees@AOL.COM
Sun, 29 Apr 2001 18:59:32 EDT


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In a message dated 4/29/01 11:21:36 AM Central Daylight Time, 
mfarrel2@tampabay.rr.com writes:


> There must be some way to raise
> funding for a couple pianos that would greatly benefit children of the area
> and the local arts. Any ideas?????
> 
> Terry Farrell
> 

Terry

Since you do the tunings and minor repairs pro-bono, perhaps you should 
consider doing the rebuilding the same way, but make it as a tax deduction. 
If you buy the parts, then those are a business expense. But donating your 
time is not going to be tax deductible. To get around that, you need to make 
a donation to the organization, and they pay you back. You do have to count 
this money as income, but you made a donation for the same amount, so it will 
come out even. (Be sure to have your business make the donation, not you 
personally.)  In return for doing the work, make sure you get lots of 
publicity, and have your name in all the programs, etc. for a period of time. 
 

If this is not a good idea on your part, then, as Joe mentioned, there are 
lots of grants available. There are people who make a living writing grants. 
They get a percentage of the grant as a commission, only when the grant is 
paid. Ask a local school who they use to write grant proposals.

Willem

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