Post from Jane Schiff's Blog:
Commodity Futures Trading Commission and Charities
"Betcha" didn't know about this: There is an online organization called "Bet2Give" out of Baltimore, Maryand. People place real money on the 2008 U.S. Presidential Race but do not "profit" themselves. Bet2Give allows contract players to win real money that gets donated to a collection of charities that are non-profit. The website does give some instructions for the use of IRS Tax Form 990. One of the initial comments on this website, is that depending upon the skills of those betting - people with particular charity bents can win money for their causes away from others. It's interesting that the website provided the following example: if there are skilled people placing bets to donate to the American Civil Liberties Union, they could theoretically reduce the amounts of money that people could make who are interested, say - in supporting the National Rifle Association. I found many charities on the site - for example - Focus on The Family (Dobson) as well as The Ronald Reagan Presidential Foundation and Library. I get confused in large edifices with multiple lobbies. They make me anxious...

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