Starbucks to Begin Collecting Donations to Stimulate U.S. Job Growth

[katty]

(how about going to Wall Street with the begging bowl?)

more:
http://seattle.cbslocal.com/2011/10/03/starbucks-to-begin-collecting-donations-to-stimulate-u-s-job-growth/

PORTLAND, Ore. (AP) — Starbucks hopes customers will be willing to pay at least $5 more when they stop in for their morning cup of Joe.

Starting Nov. 1, Starbucks will begin collecting donations of $5 or more from customers to stimulate U.S. job growth through its “Jobs for USA” program. The Seattle-based coffee chain is collaborating with the Opportunity Finance Network, a nonprofit that works with nearly 200 community development financial institutions to provide loans to small businesses and community groups. Starbucks says 100 percent of the donations will go toward loans for firms and organizations that can add jobs or stem job losses.

[EC]

1. They're not matching the donations?

Rather we are making donations that Starbucks will take a tax write-off on? I hate these scams.

[katty]

2. looks like it...wow...do they have balls to pull this

[gardentoad]

4. From the article:

"Starbucks is covering the operational costs to get loans out through the program, which will run indefinitely. Its charitable arm, The Starbucks Foundation, is giving $5 million to get the program started, with the hope that funds will be invested in communities within a month of a donation being made."

[katty]

5. well let's hope it actually operates as intended

[madmom]

3. $5 more?... I wouldn't pay 1 cent to start, their coffee sucks!