rd805
Well-Known Member
I really am impressed by your Trolling --- great effort.
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Disney Gives $3 Million to Emergency Care Efforts at Arnold Palmer Hospital for Children
- Thread starter wdwmagic
- Start date
I really am impressed by your Trolling --- great effort.
Goofyernmost
Well-Known Member
Now that is funny!
disney4life2008
Well-Known Member
LOL it is a major tax break
jakeman
Well-Known Member
Yep. Or I wouldn't have posted it.
Then I'm an overachiever aren't I?
Pumbas Nakasak
Heading for the great escape.
BwanaBob
Well-Known Member
So, interesting little fun fact I found out yesterday ...
In speaking with one of the Dr.'s at AP, he told us that Disney is often donating to AP... But that Celebration receives nothing. Celebration gets the distinct pleasure of being built "on property" and gets the name only, while most of the donations go elsewhere.
Not complaining, since AP is the only level 1-3 pediatric trauma in central FL.
In speaking with one of the Dr.'s at AP, he told us that Disney is often donating to AP... But that Celebration receives nothing. Celebration gets the distinct pleasure of being built "on property" and gets the name only, while most of the donations go elsewhere.
Not complaining, since AP is the only level 1-3 pediatric trauma in central FL.
GoofGoof
Premium Member
It is a tax break. Let's say TWDC has an effective tax rate this year around 33% so they save $1M on taxes by donating $3M. I don't think the major incentive for making the donation was tax savings. Spending $3M to save $1M is not good business. TWDC is being a responsible corporate citizen by giving back to the communities where they have major operations. It's what every major corporation in America should do (and lots do).
Nubs70
Well-Known Member
If TWDC wanted to be really philanthropic, they could build an entire children's hospital and research institute much like the owners of the owners of the local NBA team.
GoofGoof
Premium Member
I don't think its a contest. A billionaire owner of an NBA team should be applauded for making a very nice charitable donation. That doesn't take away from what Disney did. I'm sure if you look at worldwide total charitable giving for TWDC the numbers are measured in the hundreds of millions. This is just one thing that they did.
Nubs70
Well-Known Member
I absolutely agree charitable giving is no contest. But when giving is publicized as a center point of corporate sustainability metrics, it tends to turn it into a contest. If TWDC wanted to make a huge statement and a project that would yield tangible results in the lives of thousands for decades to come, why not drop a billion on the construction and operating endowment for a children's hospital in Celebration?
"WDW, we invest in your entertainment and your life"
GoofGoof
Premium Member
No doubt that would be a very generous move.
BigTxEars
Well-Known Member
Was that in exchange for the basketball stadium the tax payer built for them?
Honestly unless you are outpacing Disney on charity you might want to just say good job Disney or nothing at all.
Nubs70
Well-Known Member
I'm sorry but if the aim of a contribution in the amount of what TWDC has given is to exemplify their corporate social responsibility, then they should consider something more in line with their market capitalization. Or they could just give a donation and just be quiet. If you want to make a publicized socially responsible donation do in respect to your market capitalization.
@Nubs70 is the winner of the inevitable "Disney should do more" comment.
Thanks for playing everyone. See you in the next Disney Charity thread.
jakeman
Well-Known Member
RIDE IT! Ride that high horse! Woo hoo!
BigTxEars
Well-Known Member
Maybe you do not understand corporate donations. I give away tens of thousands of dollars a year for my company, which is not even a small percentage of what they give in total.
1. Large companies give to many many groups not just this one, therefore they do indeed give a much greater overall amount of money.
2. They make the donation public to draw attention to the group getting the donation as much as for any corporate publicity. These groups relish the attention they get from the media story attached to the donation.
GoofGoof
Premium Member
They are a publicly traded company not a non-profit. They are in business to make money for their shareholders not to do charity work. A company that donates any amount of money (regardless of market cap) should be applauded and receive positive PR. Without that positive PR there would be less incentive for corporations to donate and less money for the charities that need it.
Full o hate.
BigTxEars
Well-Known Member
True, but man oh man what a load of crap. The extent some people take their Disney hate is just sad. Now I need a beer to calm down.