Corporate donations to charity...

[Shizara]

Can someone explain to me how this works? If a company makes a donation to charity who benefits from the tax exemption, the charity or company?

[Will]

Both apparently. I'm not sure how it works, but companies definitely gain benefits from donating money to charities. I imagine there's some tax relief involved somewhere. The company I work for does it occasionally, and I don't believe for a second they do it out of the goodness of their own hearts. I hate being ultra cynical, but I'm almost certain that's the case.