Does Your Charitable Contribution Qualify for a Deduction?
When it comes to preparing individual tax returns, many individuals wonder what kind of documentation they need to support their charitable contributions. First and foremost, [...]
Maximizing Your Charitable Donation
Many charitable donors plan giving ahead of time, knowing what items will be donated to which organizations. However, not all donations are created equal. The [...]
Increasing the Standard Deduction Will Decrease Charitable Giving
For tax year 2014, there were 43,965,083 individual tax returns filed that itemized deductions on Schedule A. The total amount of itemized deductions in 2014 [...]
In the Spirit of Giving
At this time of the year, giving is a high priority for many people. At the same time, tax planning is figuring large in many people’s minds as well. Fortunately there are many ways in which gift giving also can be beneficial for tax purposes.
The Basics of Temporarily Restricted Contributions
For some nonprofit organizations, contributions are a significant source of revenue. Proper accounting treatment for those contributions is key, which include tracking and monitoring restricted [...]
Contributed Use of Land and Facilities
Nonprofits receive in-kind contributions that can range from professional services to inventory and advertising. Some nonprofits also receive the right to use and/or lease land [...]
How to Engage Board Members in Fundraising
The old cliché for nonprofit Board members is “give, get, or get out.” This adage may be appropriate for your organization, but each nonprofit and [...]
UBIT – Fairs as Fundraisers
On October 30, 2015, the IRS released Public Letter Ruling 201544025. In the PLR, M was a non-for-profit alumni association relating to a two-year community [...]