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

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. Seventy-five years ago, when the Universal Declaration of Human Rights was adopted, we were entering a period of growing affluence, conditions favorable to a sense of generosity toward the needs and rights of others.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Do You Inform Donors Of These 2 Giving Opportunities?

Bloomerang

And the Charitable Giving Coalition is lobbying to make these benefits permanent. The $300 universal charitable deduction for non-itemizers is extended through 2021. The temporary AGI limit increase from 60% to 100% on itemized charitable deductions for cash gifts is extended for 2021. What are they? Final Note.

article thumbnail

3 Examples Of Successful Nonprofit Marketing Campaigns

Bloomerang

The success of this campaign highlights the importance of making charitable contributions convenient and emotionally resonant. Funding meetings were secured with the Medical Research Council and universities, and 172 articles were generated. ’s message.

Marketing 116
article thumbnail

Generosity Commission: Giving, Volunteering And Civil Society Complexities

The NonProfit Times

According to the researchers and report authors, “increasing rates of giving and volunteering can be a means of deepening social connectedness – binding individuals together in common purpose.

article thumbnail

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

Momentum Nonprofit Partners

Ordinarily, people who choose to take the standard deduction cannot claim a deduction for their charitable contributions. But this special provision permits them to claim a limited deduction on their 2021 federal income tax returns for cash contributions made to qualifying charitable organizations by year’s end, Dec.

article thumbnail

Can Nonprofits Escape Corporate Capture?

NonProfit Quarterly

We have watched the nonprofit sector, which ranges from large hospitals and universities to the small magazine that’s being folded in someone’s living room, being ever more caught up in the matrix of what we might call late-stage capitalism. They give money to get their name on the university. Caroline Crumpacker: Hello everyone.