Tax, Legal & Compliance
January 12, 2018 at 12:29 pm
Tax benefits are icing on the philanthropy cake. What to do when the icing is melting? First, the good news. The sky is not falling. Human beings have given long before the existence of charitable deductions. Human beings are generous. They like being helpful. They like making a difference. They like doing the right thing.…
January 4, 2018 at 12:44 pm
A former hedge fund executive lied to a U.K. charity, so an associate could repay part of an $18 million loan owed to the tainted hedgie, according to a 10-count indictment unsealed Wednesday in Brooklyn federal court. Michael Cohen, 46, formerly of Och-Ziff Capital Management, duped the charity into buying stock in a mining company—without…
January 2, 2018 at 11:31 am
Earlier last month, the Center for Public Integrity (CPI) did some solid investigative work and slammed the Virginia-based veteran charity Circle of Friends for American Veterans (CFAV)...
December 21, 2017 at 10:51 am
#GivingTuesday on Nov. 28 was an extraordinary fundraising event for nonprofit organizations—from community groups to international charities— with charitable giving totaling over $274 million...
December 20, 2017 at 12:16 pm
In an interview with NonProfit PRO, Katie Leonberger, CEO of Community Resource Exchange (CRE), says that the implications to nonprofits can be dependent on whether the organization's funding comes from government funding at federal, state or local level, or whether its funding comes from foundations and individual supporters, who may increase their giving in the short-term...
December 15, 2017 at 10:54 am
Years ago, Charles Francis “Chuck” Feeney, a successful Irish-American capitalist, philanthropist and the founder of The Atlantic Philanthropies decided to contribute a gift of $350 million to Cornell University. It was one of the many gifts he and The Atlantic Philanthropies were making while he was alive...
November 30, 2017 at 12:29 pm
The end of the year is approaching and along with that, the traditional wave of last-minute, tax-deductible gifts from supporters. Or is it? This uncertainty around tax-deductible gifts isn't a commentary on the ever-fluctuating state of affairs at your organization or in our country, rather it’s about proposed changes to the tax code...
November 15, 2017 at 11:40 am
If passed this week, the new Republican tax legislation will “simplify” the tax code and increase the standard deduction; thereby reducing the number of people who itemize their taxes...
October 12, 2017 at 1:27 pm
With the recent spate of natural disasters devastating communities both in the U.S. and abroad, many people turn to charities to see what they can do to help those affected by these tragic events. Over the past two decades, charitable giving has grown considerably in the U.S. The number of public charities is up almost 60 percent, from about 643,000 in 2000 to more than 1 million today...
September 26, 2017 at 11:27 am
The Bill & Melinda Gates Foundation filed a lawsuit against a California-based software company today, alleging that the company failed to deliver on its promise to build a new software platform despite billing the Gates Foundation $2.8 million for the work. The Gates Foundation is suing Saama Technologies on claims of fraud, breach of contract, violations…
