$1 for $11 Donation to Starlight Children’s Foundation @ Scoopon ($0.34 after CashRewards Cashback)

LCheapskateQueen on 20/11/2015 - 20:10
Last edited 20/11/2015 - 22:33 by 1 other user

Moved to Forum: Original Link

Using promo code VISA10 and VisaCheckout at Scoopon, we can donate $11 to the Starlight Foundation for basically nothing!

Put 11 x $1 donations into your cart. Apply VISA10 code to reduce your payment to $1.

If using CashRewards with 6% cashback, your net cost is $0.34 to donate $11! (66 cents cashback)

After tax, your net cost is zero!

All donations over $2 are tax deductible so after tax, you'll actually make a profit! (The amount depends on your tax rate. But say for example you're in the 19% tax rate, and you claim $11 deduction for for the donation, you'll get $2.09 back but you've only paid $1 or 34 cents, so you've made money!) The point really isn't to make a profit but to use this opportunity to donate money to a great foundation basically for free!

I used VISA10 a few times to grab some bargains, and when I saw this I just had to create another account to make the donation. I know we all get tired of being asked to donate, but this time just think of it as a few minutes work to make Visa make the donation!! I hope you'll all get on board!

*This is my first ever deal post. Sorry if I've broken 100 rules. But my intentions are good =)

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closed Comments

  • HardQuiz on 20/11/2015 - 20:12
    +4

    I like supporting a good cause especially if the money comes from big corporations like Visa.

  • kima on 20/11/2015 - 20:14

    if you only paid $1 I don't think its wise to claim $11 on tax

    • CheapskateQueen on 20/11/2015 - 20:19

      It is an interesting situation but the official tax invoice from the Starlight Foundation will be sent in 2016 (according to the site) so I would just claim whatever the official receipt says.

      Either way, can't go wrong with 40 cents to $1!

      • DrStinge on 21/11/2015 - 09:38
        +1

        The bank deduction amount needs to match the receipt amount, if they audit you they'll check these things.

        • CheapskateQueen on 22/11/2015 - 09:34
          +1

          …

          I don't really wanna get into a detailed conversation about this because the deduction is not really the point. It's more that for 34 cents we can make a $11 donation.

          However, for the benefit of other people, who should make their choice themselves, I will say that I work in tax and I will be claiming whatever is on the official receipt.

        • thydzik on 27/11/2015 - 16:20

          it is whoever is on the invoice.

          the money can come from wherever, the person claiming needs to be on the invoice. and you can only claim the invoice amount.

        • DrStinge on 27/11/2015 - 17:34

          @thydzik:

          No it's not, it's what came out of your bank. Visa claim the the $10,you claim the $1. Otherwise I could write plenty of invoices for any amount I want - who would be to say otherwise?

        • thydzik on 27/11/2015 - 18:04

          @DrStinge:

          If the full amount is made out to the purchaser, the purchaser can claim the full amount.

          if I give a $10 cash donation to a charity, it doesn't matter where I got the $10 from, it is whose name is on the receipt.

          writing plenty of invoices for any amount is fraud…

        • DrStinge on 27/11/2015 - 18:50

          @thydzik:

          The logic make sense but I can't find actual examples. The ATO website says otherwise, may be a result of my googling. Can you find any evidence to support?

          Eg "You cannot claim a deduction for an expense to the extent that: someone else paid the expense"

          https://www.ato.gov.au/Individuals/Tax-Return/2015/Tax-retur…

  • malouphix on 20/11/2015 - 20:14
    +1

    Well done! Thanks!

  • Jase1 on 20/11/2015 - 20:15
    +1

    Good work OP

  • gooddealmate on 20/11/2015 - 20:17
    +2

    Fantastic post. Should be 'Deal of the month'

  • Spending2Much on 20/11/2015 - 20:20
    +1

    Not being a spoil sport, but do often wonder Just how much of the donation actually makes it on the ground to the kids/people in need, after the CEOs salaries, administration costs, other sundries, and wonder whats left to actually do any good.

    • easternculture on 20/11/2015 - 20:21

      I think its about 60% admin costs and 40% actually goes to the needy

      • altomic on 20/11/2015 - 22:05
        +3

        according to the Starlight foundations 2013 annual report they raised $25,955,000. employee expenses was $10,499,000 (40%), my accounting skills are so rusty (Diploma of Accounting 1993) that I have no idea how to read balance sheets, P&L statements, etc

    • drillvoice on 21/11/2015 - 08:55
      +1

      The true test of effectiveness for any group like this is how much difference they actually make, not what proportion of revenue is spent on admin/projects. For most group it's vital that they spend money on things like admin and staff costs because it helps to ensure that their projects are as valuable as possible.

  • CheapskateQueen on 20/11/2015 - 20:28
    +5

    Hhmm, not sure why this was moved to the forum? (I don't know the rules) Hope it still gets good exposure!

    • Moderatorneil on 20/11/2015 - 20:32

      Deal Posting Guidelines. Help is available at the bottom of all pages. Thanks for posting!

      • YOTR on 22/11/2015 - 17:44
        +4

        Disagree with that guideline 100%.

  • soggy on 20/11/2015 - 20:43

    cashback is 6 cents only. still a good "deal" though.

    • CheapskateQueen on 20/11/2015 - 22:31

      Nah 6% of $10 (i initially calculated on GST exclusive amount) is 60 cents.

      But my cashrewards email came through with 66 cents credit. So even better!

      • soggy on 20/11/2015 - 22:41

        got my CR email with 66 cents too! didn't realise they were paying back on sale value!

  • kitsch on 20/11/2015 - 22:01
    +1

    Done. Thanks for posting.

  • eatwell365 on 21/11/2015 - 02:26

    Would it be $1=$22 because government matches donation $1 to a $1.

  • moonster on 21/11/2015 - 04:24
    +3
    Merged from $1 Donation - Grant a Starlight Wish

    Hi guys, this is my first post, not sure if this is allowed, but worth a shot. I think this could be a real "bargain" for donation. For those who haven't use your visa checkout $10 code for Scoopon, may be you can just buy 11 of this $1 deal for donation, which comes to a total of $11 and with the VISA10 coupon code using payment method visa checkout, you pay/donate just $1, but in total the foundation receive $11. So, this is a bargain too right?

    Full credit to tightarse https://www.ozbargain.com.au/node/220146

    • nkrdlyk on 21/11/2015 - 05:00
      +3

      I like this. Great first post

      • gooddealmate on 21/11/2015 - 08:13
        +1

        You serious? Donate 1 buck of your own money and the charity gets $11 and you're whinging about it? That's low man.

        • outlander on 21/11/2015 - 08:29

          low blow? Hell no

    • [Deactivated] on 21/11/2015 - 06:21
      +1

      If they provide a receipt you may get up to $4.50 back in your tax and when you redonate that they get $15+

      • [Deactivated] on 21/11/2015 - 06:25
        -1

        Hi TB.

        Great idea and yes they do :-)

        All donations over $2 are tax deductible

      • tfreaks on 21/11/2015 - 08:12
        +1

        Great idea with the tax refund. In fact, we can do that recursively.
        It is basically a geometry series:

        y = (10 + x) / (1 - i)
        where
        y = Amount received by Starlight
        x = the amount that comes out of your pocket
        i = the tax rate

        E.g
        If tax rate is .45 and we buy 20 dollar donation, 9 dollar is from tax, 10 is from visa, 1 is from you.

    • tightarse on 21/11/2015 - 06:55
      +1

      Hi moonster. This was posted last night then moved to forums…

      https://www.ozbargain.com.au/node/220851

      • gooddealmate on 21/11/2015 - 08:15
        +4

        Hopefully it'll stay here this time, needs more exposure. One of the best charitable bargains ever posted.

        • jimbler on 21/11/2015 - 09:33
          +1

          Absolutely laughable that this gets buried in the forums where nobody will see it, and yet there will be a zillion deals posted by store reps this weekend, and nearly all of them will garner 1 vote….from themselves.

  • thydzik on 21/11/2015 - 09:45

    this is really good

  • ProjectZero on 21/11/2015 - 12:35

    Damn, I only have Mastercard and AMEX, anyway to help support this?

    • Joyoz on 21/11/2015 - 12:47
      +2

      You pay using your visa checkout account. I use my mastercard on my visa checkout account

      • ProjectZero on 21/11/2015 - 13:00

        Cheers, will create one now. Never used it before XD

  • paperkut on 22/11/2015 - 14:42
    +1

    Thanks for this, too bad it isn't in deals page where I would have gotten more exposure.
    If you think of it you "receive" at least $1 when you do your tax return next year so technically it is a deal!! :)

  • peterpeterpumpkin on 22/11/2015 - 23:09

    Out of interest, I wonder how much Visa loses and how much Scoopon loses from the $10.

  • thydzik on 19/05/2016 - 22:14
    +1

    received my donation receipt with the full amount.

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