TCM in New York

Chapter 26 Nonprofit Charitable Funds

"This kid! He actually played a trick with me." Pan Jianguo shook his head with a smile.

Then he asked again: "Where is Hao now?"

"After leaving Changshengtang, I had dinner with Ding Changsheng at Quanfulou, and then went to the villa area in SOHO district.

The one named Hao has a villa somewhere.

After coming out of the villa, after the two separated, the one surnamed Hao first went to Lord Guan on Baiye Street, and then went to Fifth Avenue.

In addition, we learned from aviation that the person surnamed Hao applied for the flight route three days later. "

"Well! When the surname Hao is about to leave, find an enthusiastic citizen to call the customs." Pan Jianguo nodded and explained casually.

"understand!"

Pan Jianguo didn't speak any more, just looked out of the car window with a dark face.

"Check the account of that kid Changsheng." After a while, Pan Jianguo spoke again.

"Yes!"

Maybach fell into silence again.

Ding Changsheng didn't know this.

He was hosting Smith at this time.

To entrust Smith to help him register a charitable foundation, it is natural to sign an entrustment contract, authorization and other documents.

Charity funds in the United States are very fucked. There is a rule that 5% of the total fund account must be spent every year.

However, as long as you spend 5%, it doesn’t matter how you spend it. It doesn’t need to be used for charitable projects. All expenditures are legal, regardless of the law, as long as your foundation’s charter allows it.

As for your own foundation, of course, you can set the charter yourself, and it does not need to be made public.

The most damning thing is that, as the holder or manager of a charitable foundation, all your food, clothing, housing and transportation can be taken from the charitable fund.

For your clothes, you can ask the charity foundation to customize Armani's overalls.

Your food can allow charity foundations to hold charity dinners and French working meals in five-star hotels.

Your residence can allow charitable foundations to buy a luxury house as an office.

For your trip, the charitable foundation can arrange for you to go to the Alps or Las Vegas for investigation and negotiation.

According to a US media survey, a diabetes charity once raised nearly $1400 million, but only spent $1 on patients.

However, this is not the darkest charity, and there are six that don't spend a penny on the charitable projects they describe.

This is not the most important thing, the most important thing is that all of this is actually legal.

Approved by the IRS.

The Inland Revenue Department does not stipulate that charities have a salary cap for managers.

Listening to Smith explaining the inside story of the American charity fund, Ding Changsheng couldn't help but wonder, should he put Zhang Xin's contract with the charity fund?

Also, it seems that 1000 million US dollars was invested in the charity fund, which is a little less.

I can donate all the money in my hand, donate the villa as an office, and donate the Longevity Hall.

I want to donate naked too!

Ding Changsheng wanted to announce to the whole world that he wanted to donate naked.

Talk to Smith about your thoughts and ask for his opinion.

"Dear Ding, there is no need to donate Changshengtang, you can donate the money earned by Changshengtang to charity funds, which can offset the taxes you have to pay.

Because the charitable fund you want to set up is non-profit, if you donate Changshengtang and then treat patients, you can’t continue to charge, otherwise it will be illegal.

If you don’t want to pay real estate tax, you can donate the building of Changshengtang to a charity fund, and then the charity fund will be provided to Changshengtang for free.

This avoids property tax issues. "Smith analyzed the doorway for Ding Changsheng.

"Mr. Smith, thank you so much, after listening to your words, I am enlightened.

Just do as you said, first register a charitable foundation. "

"What is your charity project?"

"The development and promotion of traditional Chinese medicine, or the development and promotion of acupuncture and moxibustion, or the treatment of traditional Chinese medicine for the poor." Ding Changsheng thought for a while and said.

"My dear Ding, you also need to draw up the charter of a charitable foundation.

Although the articles of association do not need to be made public, they need to be submitted when applying for the registration of a charitable foundation. "

"Smith, don't bother the two masters, please help me to draw up the foundation's charter!

After all, I don't know much about American law. " Ding Changsheng spread his hands and said.

"Okay!" Smith readily agreed.

There is a fee for the agency registration of the charitable fund, and there is also a fee for the drafting of the foundation's articles of association, and it is an additional fee.

Even the current chat between Ding Changsheng and Smith is billed.

After sending Smith away, Ding Changsheng checked the time, and it was time to get off work again.

After closing the store door, Ding Changsheng chatted with Uncle Lin before heading to the supermarket for shopping.

Mo Street is an old street with a history of more than 100 years.

Although it looks a bit dilapidated, it is quite prosperous.

The streets here have a unique style, various signs and shops have a strong Chinese style, but the buildings contain a Western style.

It is a combination of Chinese and Western.

There are all kinds of stalls on the side of the road, all of which are stalls selling various fruits, snacks, and small commodities.

Of course, there are also various shops.

When passing by a traditional Chinese medicine store, an old man happened to come out to see off customers. After seeing Ding Changsheng, he smiled and shouted: "Changsheng! How is your business over there?"

"Fourth Master Long, thanks to your old age, the business is still going well. Recently, it has been much better than before." Ding Changsheng cupped his hands.

"Hehe! As long as the business is good! I recently brought a batch of new medicinal materials. Come back and have a look. If there is anything you need to add, take some back." Fourth Master Long said with a smile.

Fourth Master Long is in the business of medicinal materials. Although his store on Mo Street is not very big, his business is not small. He is one of the largest suppliers of Chinese herbal medicines in the United States.

The outsiders don't know, anyway, most of the Chinese medicinal materials in New York are supplied by him, and the medicinal materials in his store are quite complete.

There is also a medicine garden under my own hands: the base of Chinese herbal medicines.

"Fourth Master Xie Long, I will definitely come over tomorrow, and it happens that my store should also stock up, so let's take a piece tomorrow." Ding Changsheng laughed.

The second grandpa bought Chinese herbal medicines from him. After Ding Changsheng came, he also bought goods from him.

"Just come here tomorrow!" Fourth Master Long said with a smile, turned around and entered the pharmacy.

Ding Changsheng continued to go to the supermarket, admiring the scenery on the street leisurely along the way, thinking about the recipe for the evening.

After arriving at the supermarket, Ding Changsheng quickly bought the ingredients he needed, and then slowly returned to Changshengtang with the ingredients.

This is basically how men buy things. They like to think about what to buy before buying. When they arrive, they go straight to the target and leave immediately after buying.

Unlike women, when they arrive, they go shopping and think about what they need to buy.

　Thanks [Sword Soul Platform] [There is no way to have Liu Hao] [Generally speaking] [I Geng] [Today Tiange] [Light Tea and Scent] [Lonely Man's Wandering] [Qiao Shao Only] [mfive 】【Liao Bushi】Wait for the support from brothers.

　　In addition, brothers and sisters, everyone has a monthly pass in their hands to support it.

　　
　
(End of this chapter)