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 Oilers » Pregame: Edmonton @ Chicago (Game #85)
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 Re: Pregame: Edmonton @ Chicago (Game #85) [message #764894 is a reply to message #764687 ]
Fri, 07 August 2020 02:15 Go to previous messageGo to previous message
GabbyDugan  is currently offline GabbyDugan
Messages: 828
Registered: May 2002
Location: Edmonton, AB

No Cups

Adam wrote on Wed, 05 August 2020 16:53

CrusaderPi wrote on Wed, 05 August 2020 16:37

Adam wrote on Wed, 05 August 2020 15:58


Sure would be nice to know what the Oilers Foundation does with its money...

It's not great. I wouldn't call it a scam, but I wouldn't say they're a great organization to give money to.

https://edmonton.ctvnews.ca/oilers-community-foundation-give n-c-charitability-grade-1.4158307

Generally I find all charitable arms of large corporations to be... less than what you'd expect of a charity and more of what you would expect if a large corporation was using a charity to dodge taxes and engage in PR. That's my opinion though.


One of the reasons the Senators Foundation is said to have split from the Senators is because of the admin costs that the Senators were putting against their charity. Oilers aren't as bad as that (Flames are somehow even more than the Senators), but they still have very high costs. And I don't think there's a lot of transparency as to where all the money goes.

I will say, I am skeptical of a lot of the donation charities you have run through grocery stores, fast food chains, etc. If you give Safeway a dollar, it's rung in to the till same as anything else, so hits revenue. It's under $20, so no tax receipt for you. Then when Safeway donates to the charity, I'm pretty sure they declare the whole amount - it's technically correct - they collected and gave the whole dollar figure to a charity. However, if they can then deduct the entire amount (and I don't see anything that would keep them from doing so, they are generating profits for themselves with the tax shield that provides.


https://www.cbc.ca/news/canada/edmonton/big-money-edmonton-o ilers-allowed-to-more-than-double-its-50-50-ticket-sales-on- friday-1.5677287

"Janet Riopel, a board chair of the foundation, stated in a Thursday news conference that she expected the foundation might take a hit due to COVID-19 and a lack of games, which would impact the money they can donate to local charities.

Instead, she's been pleasantly surprised this won't be the case, and the foundation will be donating the extra 50/50 playoff winnings to non-profits and organizations in downtown Edmonton. They will decide on how this will be distributed at an upcoming meeting."

Hope there is nothing like the sponsorship scandal arising from this.




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Read Message Pregame: Edmonton @ Chicago (Game #85)
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