Skip to main content

Can a for-profit business accept donations from the public? Or does it have to be a non-profit & have a 501(c)3 status?

Upper Marlboro, MD |
Filed under: Business

This question surrounds accepting donations

Attorney Answers 1


A for-profit business could accept donations. But the people making the donations will not have the tax benefit of deducting those donations from their taxes. Mixing for-profit and non-profit operations together is like mixing oil and water.

Depending on what your goal is, you may need to set up a non-profit entity.

This answer is provided for informational purposes only. Legal advice can only be given in an office appointment by an attorney licensed in your jurisdiction with experience in the area in which your concern lies.

Mark as helpful

Business topics

Recommended articles about Business

What others are asking

Can't find what you're looking for?

Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer

Browse all legal topics