Racing 4 charity question

[251am]

   How does this work?

  I would like to know more about it.   

[Super Dave]

Race, give money to charity.  What do you want to know?

[Garywc]

where does the money come from that you give to charity?

[Super Dave]

My purse money, money that people donate to get to the charities that I give to.

[cbirk]

My purse money, money that people donate to get to the charities that I give to.

That makes no sense. 

[dabirk23]

That makes no sense. 

I think what he means is,  Any money he wins from racing he donates.  Also, pledges made by people, that is, "x" amount of money for laps raced or miles raced, he then passes on to charity.
Same principle as with "walkathons" that are used to generate money for charities.

[Super Dave]

Thanks, Dave.  Exactly.  Anything that I get for a purse, it goes to two cancer programs that I work with.  When I started this, I found out that people I knew wanted to give, so that's where people started giving to me.  I'm a conduit to the funds. 

[251am]

Race, give money to charity.  What do you want to know?

  Just the particulars. I see so many different ways these things are run.

Are there tax considerations to have an accountant look at?

   

[Super Dave]

I'm not an accountant.  Best to talk to an individual accountant for one's specifics.

[251am]

I'm not an accountant.  Best to talk to an individual accountant for one's specifics.

  I didn't ask if you were an accountant.

  I see so many different ways that people run these charitable functions; some folks keep the donation amounts confidential and some people like the Lundes always announced how much money they raised, etc, etc..

  Gordie, I guess you have the most attractive model I have seen out there-would you PM me some pointers and specicfics? TIA, todd

   

[Super Dave]

The Wegman Benefit was a non profit organization, which has some advantages, but those things have a cost too.  It's above anything I'm able to afford.

[cbirk]

I think what he means is,  Any money he wins from racing he donates.  Also, pledges made by people, that is, "x" amount of money for laps raced or miles raced, he then passes on to charity.
Same principle as with "walkathons" that are used to generate money for charities.

Thanks for the clarification. It makes sense to me now.