Originally Posted by
Slacker76
My bad, I thought Milo was a champion for the ethics in journalism movement. Just found it ironic that a fellow reporter at Breitbart blew coverage of his fellow's charity so badly.
Uhh maybe for the European part of the world you could do this. But in the US, having a 501C is important for 2 reasons:
All those donations you received, are eligible for tax exemption if you're registered as a 501C. Otherwise have a nice time at the audit explaining how its not earned income.
For your donors to receive a deduction for their monetary gift, they need a receipt from your organization that includes it's 501C number.
Also recipients could also take a tax hit depending on how the money is awarded.