article thumbnail

Senators Push to Restore the Universal Charitable Deduction: 3 Things You Need to Know

NonProfit PRO

Last week, senators introduced legislation to make the universal charitable deduction effective for tax years 2023 and 2024. Now dubbed “Charitable Act,” the legislation, if passed, would give more Americans the ability to claim tax deductions for charitable contributions.

article thumbnail

3 Top Compliance Challenges for Nonprofits + Expert Advice

NonProfit Leadership Alliance

In this guide, we’ll review expert tips for overcoming the top three nonprofit compliance challenges: Complying with governance guidelines Following fundraising requirements Reporting finances accurately Accuracy and thoroughness are key to maintaining compliance so your nonprofit can continue its important work.

Finance 206
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is There An Inequality Tipping Point for Nonprofits?

Blue Avocado

For many years, there has been a notable decline in the number of Americans making charitable contributions. At the same time, worsening heat and weather will mean that the nonprofit sector is more needed than ever: The impact of climate change will cause widespread suffering that only government and nonprofit action can address.

article thumbnail

Generosity Commission: Giving, Volunteering And Civil Society Complexities

The NonProfit Times

Gianoni sees individuals within the philanthropic sector, businesses and government officials as benefitting from reading the report. The report is targeted at a wide swath of America. “ Even our presidential race this year, nobody talks about it.” Even [within] our presidential race this year, nobody talks about it,” he said.

article thumbnail

When to Call It Quits

Stanford Social Innovation Review

As the Nicaraguan government tightened its grip on authoritarian rule, it was threatened by civil society organizations who possess the power to hold them accountable, receiving funds they do not control and investing those funds in services that preserve human rights, protect democracy, and empower individuals.

article thumbnail

Can Nonprofits Escape Corporate Capture?

NonProfit Quarterly

At the same time, within this austerity framework, nonprofits increasingly fill holes in sectors ranging from education to healthcare to journalism to social services that we depend on the most and that have been receiving less and less government support. Nonprofits are a feature of tax law and corporate governance laws.

article thumbnail

Reminder: Crypto Donations And The IRS

The NonProfit Times

The chief counsel of the Internal Revenue Service (IRS) provided two important reminders for both donors and charities regarding qualified appraisal rules governing cryptocurrency contributions. Therefore, no exception to the general qualified appraisal requirements of section 170(f)(11) is available. In Pankratz v.