Tax Law Could Slash Giving by $19 Billion a Year, Report Says
The report also outlined a variety of tax proposals that could increase giving by as much as $37 billion.
By MICHAEL THEIS
Contributor
4 Big Foundations Commit $20 Million to Promote the Census — and Call for More
Ford, JPB, Kellogg, and Open Society add new funds and issue a call for more grants, noting that the census affects a wide range of philanthropic missions and needs to be accurate.
By Alex Daniels
Contributor
Hallucinogens like psilocybin and LSD remain illegal, but researchers want to test their ability to treat PTSD, addictions, and other disorders.
By Marc Gunther
Contributor
New Tax Could Hit Many Nonprofits Paying $1 Million-Plus Employees
A Chronicle analysis identified 226 nonprofits that paid one or more employees compensation in excess of $1 million a year, potentially exposing those charities to a new 21 percent levy under the 2017 tax law.
By Michael Theis
Contributor
Senate Leaders Tell IRS to Investigate Charitable Gifts in College-Admissions Scandal
The top Republican and top Democrat on the Finance Committee said the IRS should find out whether payments parents made to a “sham” charity involved in the scandal were improperly claimed as tax deductions.
Nonprofit Watchdogs Hail E-File Bill, but Some Charities Push Back
One nonprofit advocate says an expanded e-filing mandate could burden smaller nonprofits in rural areas caught on the wrong side of the digital divide.
By MICHAEL THEIS
Contributor
Trump’s Threat to Cut Aid to Central America Puts Heavy Burden on Nonprofits, Leaders Say
The proposal could have the unintended consequence of increasing the number of asylum seekers — and the demand for services, charity leaders and fundraisers say.
By Lisa Schohl and Julian Wyllie
Nonprofits Named in Opioid Lawsuit Stay Mum About Ties to Sacklers
The lawsuit names several New York cultural institutions as beneficiaries of Sackler donations, then accuses the family of using their philanthropy “to cover up their misconduct.”
By Julian Wyllie
Contributor
Bipartisan Bill Would Require E-Filing for Nonprofits
The legislation has attracted powerful co-sponsors from both sides of the aisle, including House Ways & Means Committee Chairman Richard Neal and the top Republican on the panel, Kevin Brady.
By MICHAEL THEIS
Contributor
Charities Urge Repeal of Parking Tax Ahead of April 15 Tax Deadline
Nonprofit advocates say there is bipartisan support for reversing the provision, but “political jockeying” is getting in the way.
By dan.parks and Julian Wyllie
After Scandal, Higher Ed Fundraisers Fear Efforts to Curtail Deductions
The Varsity Blues college-admissions brouhaha has already prompted one prominent lawmaker to propose legislation that could have a big impact on giving.
By MICHAEL THEIS
Contributor
College Admissions Scandal Highlights an Overwhelmed IRS, Nonprofit Experts Say
Enforcement has withered and the opportunities for fraud have multiplied as the Republicans have sought to curtail the powers of the tax agency, watchdogs say.
By Michael Theis
Contributor
Percentage of Non-Itemizers Who Give to Charity Is Declining, Study Shows
The United Way study looked at data from 2004 to 2014 and also found that giving by people who do itemize their charitable gifts also fell during that time.
By Julian Wyllie
Contributor
Grant-Making From Donor-Advised Funds Is Strong During Recessions, Study Finds
The researchers say donor-advised funds give money at a far higher rate than some other studies suggest.
By Julian Wyllie
Contributor
Wells Fargo’s 2% Pledge Generates $444 Million for Charity
The financial service giant has set minimum amounts for its corporate giving based on its annual after-tax profits.
By Alex Daniels
Contributor
6 Things to Know if Your Nonprofit Is Considering Becoming a Fiscal Sponsor
Serving as a fiscal sponsor can help incubate new projects to serve an established nonprofit’s mission. Before you let others use your tax-exempt status, learn about the risks involved.
By Alex Daniels
Contributor