View Full Version : Sponsorship vs. charitable deductions

05-19-2006, 08:11 AM
I have an existing corporation, but I have transitioned my services to a more socially beneficial things. I was considering nonprofit status, but it seems like such a lot of hoops to jump through to get it set up and run it (and I need to sustain some income - and I'd like to remain "in control" of the mission).

Anyway, to benefit my "members", I want to offer incentives and giveaways. I could do this through getting sponsors, but would they rather give to a nonprofit? I guess my question is, what chance do I have (legally and otherwise) of gaining sponsors for my events?