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Question for board on Charities


Uccmal
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Frequently when I shop at certain places they ask at the cash register if I would like to donate money to some cause (ie. sick kids, reading programs, etc).  I find this practice really annoying, but that is just the sidebar. 

 

I emailed Investor relations at Chapters/Indigo and Shoppers Drug Mart and asked how this money is accounted for by the corporation.  I got no reply.

 

Anyway, can anyone on the board answer this.

 

What happens to money that people donate at the cash register for these "foundations"?

 

Specifically, does the corporation use it as a tax right-off that is financed by the stupid and unwary?

 

 

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