Quote:
Originally Posted by retiredguy123
You don't need to create a false charity. A legal one will do just fine. I read a lot of IRS Form 990's filed by charities. One that stands out was a charity created to sound like the well known "Make a Wish" charity. It is a common tactic to make the charity name sound like a well known charity. They collected almost $500K in one year. The CEO collected a salary of $200K, his wife, the vice President, collected $150K and his mother-in-law collected $100K as the treasurer. ...If a charity has a legitimate mission statement, and follows the IRS reporting rules, they have no obligation to be efficient or to spend the money wisely. Wasting taxpayer money in a charity is not illegal.
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Fact check: True~! My daughter was working for Vista in Minneapolis, and GIVEMN asked the Vista workers to promote donations. I read their public documents, and the mission and cost structure was similar to what the quote above stated. Their mission was donating to educational institutions and situations, after large salaries were distributed for managing the charity. .
most common way to receive a large salary using OPM, (other people's money)
finance guy
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