The role that foundations and nonprofits are playing in election activities is getting drawn into the fight over whether donor secrecy is harming American democracy.
Bill Would Establish Nonprofit Office in the White House
The office would make policy recommendations, coordinate the release of data about nonprofits collected by federal agencies, and seek improvements in the federal grant process for nonprofits.
Recent limits on state and local tax deductions have resulted in a drop in charitable contributions in affluent counties, according to new research. Some may see this as a reason to lift the limit, but doing so would primarily help the wealthy and do nothing to encourage others to give.
California’s attorney general said top executives and board members knew the fund was using money in ways that ran counter to what donors wanted.
Biden ‘Billionaire’ Tax Proposal Could Spur Changes in How the Wealthiest Give
The plan would likely bring about more charitable giving, philanthropy experts say, although some tax analysts caution that the plan is still too vague for people to know its impact on donors.
Biden Proposes Measure to Deter Foundations From Skirting Distribution Rules by Giving to DAFs
Supporters say the proposal would direct more money from private foundations to charities every year. Critics say it would undermine donor privacy, among other harmful effects.
An Urgent Response Is Needed to the Dire Staff Shortages Facing Nonprofit Government Contractors
Most government contracts don’t cover the total cost of providing services and restrict funding for expenses such as raises and benefits. Philanthropy needs to offer more flexible funding to make up the difference, and political leaders should enact policies that address contract shortfalls.
Money laundering doesn’t just make it harder to sanction Vladimir Putin and his cronies for the invasion of Ukraine. It depletes countries of funds needed to address the social problems that grant makers care about. There is no better time for philanthropy to do more to promote change.
Biggest Donor-Advised Funds Are Slower to Distribute Assets, Study Finds
But of small funds, nearly 80 percent distribute money to charities rapidly enough to deplete the initial contributions to those accounts, according to a new study of a limited number of account sponsors. The data can be helpful to fundraisers as well as policy makers.
Inflation Hits Ability of Nonprofits to Provide Services, Keep Workers — and Raise Money
At a time when the demand for services remains high, soaring costs for fuel, food, employee payrolls, and other expenses are stressing charities’ budgets even more than during the pandemic.
Senators Issue Bipartisan Call for Restoring Tax Breaks for Donors Who Don’t Itemize Their Returns
Sen. Charles Grassley also raised questions about whether donor-advised funds require greater regulation to speed giving.
Lawmakers Express Concerns Over Efforts to Speed Giving From Donor-Advised Funds
Their letter takes aim at the bipartisan Accelerating Charitable Efforts Act without mentioning it by name, saying it would reduce charitable giving.
Environment for Global Philanthropy Improves, Report Says
The invasion of Ukraine has the potential to sharply change the outlook for global philanthropy in the years ahead, especially throughout Europe, after years of improving conditions.
Donor-Advised Fund Grant Making Grew Slower in 2021 After Strong Showing Earlier in the Pandemic
At the same time, new data compiled by the Chronicle shows that donor-advised funds are rapidly gaining ground on private foundations — and have already eclipsed them by some measures.
Nonprofit Legal Services Help Homeowners Struggling With Property Taxes Keep Their Homes
The groups find tax credits, work to reduce taxes on properties that are assessed higher than they’re valued, and advocate for legislative changes to help homeowners keep their houses.
A Charitable-Giving Tax Credit Could Shift the Balance of Philanthropic Power Away From the Wealthy
If low- and middle-income households received a refundable tax credit for donating to charity, more people would engage in civic life and the nonprofit world would be forced to refocus its priorities on those who don’t itemize their tax deductions.