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Can Nonprofits Escape Corporate Capture?

NonProfit Quarterly

Nonprofits are a feature of tax law and corporate governance laws. AQ: Dean Spade, the lawyer who does trans law, he had a great point. JH: Well, look at the example of the Ford Foundation. But I like to bring the attention back to the people that we are supposed to serve and for whom I’m an advocate.

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Do You Inform Donors Of These 2 Giving Opportunities?

Bloomerang

While I always recommend you let donors know you are not in the business of offering professional legal or financial advice, and they should consult with their own advisors, this doesn’t mean you can’t inform people about changes in the law. It’s good to be aware of the varying deductions a donor can take for charitable contributions.

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Donor-advised funds: What DAFs’ popularity may mean for philanthropy 

Candid

If they were giving at scale, high-net-worth individuals might also have established a foundation, which takes time, resources, and effort to form. DAFs not only create efficiencies in terms of managing charitable contributions. Foundations’ endowments have similar tax advantages. But donor-advised funds are not new.

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When to Call It Quits

Stanford Social Innovation Review

But in March, the National Assembly drafted the General Law of Regulation and Control of Nonprofit Organizations, Law 1115, to establish the legal framework applicable to national Non-Profit Organizations (NPOs) and international NPOs with operations in Nicaragua.

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IRS Joins Momentum Nonprofit Partners to Highlight Special Charitable Tax Benefit Available Through Dec. 31

Momentum Nonprofit Partners

Under the temporary law, taxpayers don’t need to itemize deductions on their tax returns to take advantage of this, which creates tax-favorable donation options not normally available to about 90% of tax filers. Ordinarily, people who choose to take the standard deduction cannot claim a deduction for their charitable contributions.

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Sponsorship v. Donations: The Drawbacks and Benefits

NonProfit Hub

in 2022, making its growth faster than individual, foundation, and bequest giving. With the rise of social impact as a business metric, companies are more eager than ever to contribute to meaningful causes, yet many nonprofits don’t make the most of this fundraising avenue. Of course, this is subject to tax laws.

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Best Practices when Accounting for Grants

The Charity CFO

The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. Use the grant in a manner that complies with all applicable laws and regulations. What is a Grant? Be transparent in all financial matters related to the grant.