I’m confused why an approach involving a US and UK entity isn’t being focused on, if it’s at all promising.
Besides constraints on time and budget, the structure inspired by bread funds has a few large advantages detailed in the post.
Will this be tax deductible to an American or UK EA?
The original plan was to register the charity in the Netherlands and get initial funding from Dutch citizens. Then, if it appeared more funding was needed, we would apply for charity status in the US or the UK.
In the new plan, donations will not be taxed in the UK or US, or in any of the countries I looked at.
I’m unsure, but it seems like tax was talked about here, do I understand that the update in this post we are reading, supercedes these ideas in that past comment?
That’s right.
The design of this seems really different than the original design mentioned, which allows a person to take back their original funds. This has major structural differences, as mentioned here. Is this correct and do you have any comments?
Not entirely. The design is different, but we still cap recoupments at 50% of total donations. I forgot to mention that in the post, and I’ll correct it.
Besides constraints on time and budget, the structure inspired by bread funds has a few large advantages detailed in the post.
The original plan was to register the charity in the Netherlands and get initial funding from Dutch citizens. Then, if it appeared more funding was needed, we would apply for charity status in the US or the UK.
In the new plan, donations will not be taxed in the UK or US, or in any of the countries I looked at.
That’s right.
Not entirely. The design is different, but we still cap recoupments at 50% of total donations. I forgot to mention that in the post, and I’ll correct it.