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FAQ - Commitment Contracts - Charities
Do I get to claim a charitable deduction if my stakes are forfeited to a charity?
No. To minimize our bookkeeping and legal costs, and to prevent you from benefiting financially from your unsuccessful contract, we do not provide tax receipts. In case you were wondering, stickK doesn't claim the charitable deduction either.
When does stickK donate my money to charity?
In order to reduce the number of transaction fees incurred, stickK accumulates the forfeited stakes and makes the charitable donations en masse during the holiday season at the end of each calendar year.
