Last week, Congress extended certain provisions related to charitable giving on a permanent basis, ending in part the piecemeal year-by-year…
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Gift and Fund Management
Tis The Season For Contemporaneous Written Acknowledgements
The IRS issued an unusual email clarification this week in order to reassure charitable organizations that they are not required…
READ MORE Facebook Piloting New Fundraising Features
Facebook recently announced a new pilot program that will allow users to make—and charitable organizations to accept—donations via the Facebook…
READ MORE IRS Examines Deductibility of Marketing-Minded Business Donations
More and more, businesses are announcing that they will give a certain percentage of sales or other proceeds to nonprofits…
READ MORE IRS Clarifies Donee Reporting Option for Deductible Contributions
The IRS has issued proposed regulations that would implement the statutory exception to the “contemporaneous written acknowledgement” requirement for substantiating charitable…
READ MORE Should University Endowments Have a Payout Requirement?
An opinion piece in yesterday’s New York Times proposed an interesting idea: subjecting larger university endowments (those in excess of $1…
READ MORE Protect Your Deduction! Substantiation Rules Can Trip Up Donors
The Tax Court recently decided a case in which it denied a charitable deduction of over $27,000 in non-cash contributions….
READ MORE Donor-Advised Funds Continue to Gain Steam
The Wall Street Journal recently published an interesting article on donor-advised funds, the fastest growing charitable vehicle at this time….
READ MORE Private Foundations and Payout Requirements: Know Your Options!
This is the second post in an ongoing series on private foundation issues. For the first post on self-dealing issues,…
READ MORE College Athletes as Employees? What Status Change Could Mean for Scholarships
Many were caught off guard by a National Labor Relations Board (“NLRB”) decision last week that Northwestern University’s football players…
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