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S Corporation: Individuals
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Safety Organization is a non-profit California corporation based in San Francisco. The Organization̢۪s Board initially is composed of uncompensated Trustees, including individuals with ski and snowboard safety expertise as well as members with California government relations̢۪ experience and public interest education and advocacy backgrounds. Dan Gregorie, the founder, is an experienced corporate executive who will provide leadership and management for the Organization until such time a paid executive leadership and management team is brought on board.
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Charitable contributions: A C corporation?s deduction for charitable gifts cannot exceed 10% of its income. Gifts by an S corporation are deducted on each shareholder?s return. And an individual shareholder can claim a charitable deduction for up to 50% of his or her income.
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