A question re: charities

[Guest Brush with Greatness]

So, in coming up with many ideas on how to pay for university and avoid a dreaded student loan, one idea I had was to form my own charity. Here is the basic idea:

 

I form a charity. The charity gives money for tuition and books towards student(s). I am that student.

 

Now, this sounds a lot more immoral than it actually is.

 

Basically, I just get rich people I know to contribute to the charity and in credit get tax breaks.

 

Now, what I want to know is:

 

a) Does anyone know if this is feasible/legal?

 

b) How exactly to charitalbe tax credits work? I've heard of them but don't really know what they are. Are they enough incentive for rich people to donate to me?

 

Thanks for any help

[Guest kkktookmybabyaway]

I heard years ago some college student got a company to sponsor his education -- he roamed around advertising the business...

[Guest Marshall]

I used to work for this company who sold advertising spots on a calender for charity. Basicly a company would give money for a advertisement spot which would go to the calender company, but it would be written off as charity for legal reasons, then the calenders would be sold to raise money for charites. I would have to phone up various companies trying to sell the spots. Every company in Britian (dunno about US) is legally entitled to give a percentage of what they make to a charity every tax year. God, it was a shitty job, I only did it for 2 weeks. Anyway, my point is, YOU could call some companies in the same field as you want to work in and ask about sponsoring you as part of a charity payment. Seen as though they have to pay money to someone anyway, might as well be you.

[Guest Fook_Hing_Ho]

So you're starting up the Human Fund?

 

If it didn't work for Costanza it won't work for you.