When structured carefully, a donor can obtain a double tax benefit from the donation of appreciated closely-held stock to a…
READ MOREFundraising, Charitable Giving and Grantmaking
Donors Denied Millions in Charitable Deductions for Failure to Meet Substantiation Requirements
Two recent cases have come down from the Tax Court denying taxpayers deductions for their charitable donations – again emphasizing…
READ MOREIRS Issues New Guidance on Substantiation Requirements for Charitable Contributions of Cryptocurrency
In keeping with the IRS’s previous rulings in the area of cryptocurrency, the IRS issued Office of Chief Counsel Memorandum…
READ MOREColorado Gives Day Is Here!
Colorado Gives Day, an initiative to increase philanthropy in Colorado through online giving, is here again. Since 2007 the Community…
READ MOREState & Local Tax Deduction Cap Depresses Charitable Giving By Wealthy
A newly released report shows that the current cap on deducting state and local taxes appears to be reducing charitable…
READ MOREBiden Revives Push to Limit Private Foundation Use of DAFs
President Biden has proposed in his fiscal year 2023 budget to clamp down on the ability of private foundations to…
READ MORE‘Tis the Season: Non-Itemizing Taxpayers Reminded of Expanded Deduction for Cash Donations
In light of the recent disasters across the Midwest, the IRS, Independent Sector and the National Council of Nonprofits issued…
READ MOREColorado Gives Day: Get in on Supporting Colorado Nonprofits!
Tuesday December 7th is Colorado Gives Day, an initiative to increase philanthropy in Colorado through online giving. Since the initiative…
READ MORESupreme Court Strikes Down California Donor Disclosure Law
The Supreme Court in Americans for Prosperity v. Bonita struck down a California law that required nonprofits registered in the…
READ MOREFlexible Giving Accounts Legislation Getting Another Look
Last week, the Everyday Philanthropist Act that provides for the creation of “Flexible Giving Accounts” was reintroduced to the House…
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