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A comment on Indiegogo fund raises enough money to buy video of Mayor Rob Ford smoking crack. Parent comment

Re:Indiegogo fund raises enough money to buy video of Mayor ... by tsurantino on Monday May 27, 2013 @06:30PM (#5776954)
Despite what others may say, on balance, there really isn't a good reason for this to be on top of HN.

Also, it's important to recognize that the fundraisers have lost contact with those in custody of the video. It's likely that we may never see that video and, rather than contributing to original intent of the fundraiser, the donations will instead go to fund Gawker's arbitrarily chosen charity. Crowdfunding's double-edged sword strikes again.

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Re:Indiegogo fund raises enough money to buy video of Mayor ... by soperj on Monday May 27, 2013 @06:39PM (#5776994)
Don't know if anyone knows, but is Gawker allowed to use the donations as a tax write off? Always been curious about that.
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Re:Indiegogo fund raises enough money to buy video of Mayor ... by hluska on Monday May 27, 2013 @07:00PM (#5777054)
Forbes had an interesting article about some of the tax implications of crowdfunding - http://www.forbes.com/sites/suwcharmananderson/2012/05/23/ki...

As far as using the donations as a tax write off, I don't think I understand your question. Are you asking if Gawker could take the money they received from crowdfunding, turn around and donate it to a registered charity and then claim a deduction??

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Re:Indiegogo fund raises enough money to buy video of Mayor ... by soperj on Monday May 27, 2013 @07:24PM (#5777126)
The plan is to donate the money if they can't buy the video(and it looks likely they won't be able to buy the video) so yes that's what I was asking.
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Re:Indiegogo fund raises enough money to buy video of Mayor ... by Ensorceled on Monday May 27, 2013 @07:03PM (#5777062)
Only if they took the money as income and, possibly, paid taxes on it. I presume they would be very careful to never take custody of the money, even in trust.
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