A group I belong to is raffling a gift basket to benefit a local charity. All of the money from the sale of the tickets will go to the charity AFTER we cover the cost of the basket. Is it true to state that "all of the proceeds" will benefit charity? In this case, does "proceeds" mean the same as "profit", or does it mean all the money we collect, regardless of the cost of the basket? I don't want to be misleading! Thanks!!
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We always try to get the basket donated and the things inside it. If you had expenses by all means, deduct your expenses and the balance (proceeds) goes to charity...Just my opinion...thank you...K
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