Colorado Gives Day, an initiative to increase philanthropy in Colorado through online giving, is here again. Since 2010 Colorado Gives…
READ MOREFundraising, Charitable Giving and Grantmaking
Athletic Booster Clubs Must Not Maintain Separate Accounts for Athletes
The IRS has issued (yet) another adverse determination for an exempt Section 501(c)(3) youth athletic booster club for private inurement…
READ MOREGrant Program for Black Women Entrepreneurs Put On Hold By 11th Circuit Injunction
The 11th Circuit Court of Appeals issued an injunction to prevent a tax-exempt organization’s grant program from issuing grants to…
READ MOREDonations of Closely-Held Stock Prior to a Change In Control – The Key to a Double Tax Benefit Is Careful Planning
When structured carefully, a donor can obtain a double tax benefit from the donation of appreciated closely-held stock to a…
READ MOREDonors 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 MORE