donations

operating reserves

Time to Replenish: Are Your Operating Reserves at a Good Level?

Operating reserves — generally, unrestricted assets you can easily tap — are often called “rainy day funds.” But stable reserves are critical for far more pressing reasons than the metaphorical…

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IRS regs on charitable contributions

How Will the IRS’s Regs on Donations for “Consideration” Affect You?

The IRS issued its final regulations on the tax treatment of transfers made to charitable entities in return for “consideration.” Among other things, the rules tackle a recent tax strategy…

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corporate gift matching programs

Corporate Matching Programs: Still Popular After All These Years

Corporate matching gift programs are an almost surefire way to make the most of charitably minded companies and their gift-giving employees. According to Giving in Numbers: 2019 Edition by the…

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year-end tax planning strategies

Year-End Tax Planning for Investors

For investors, 2020 has been marked by volatility and uncertainty. As we approach the end of the year, it’s a good idea to review your portfolio and consider strategies for…

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nonprofit fundraising contributions

Keep These 5 Points in Mind When Raising Funds

Since the Tax Cuts and Jobs Act (TCJA) was enacted in late 2017, some aspects of charitable giving have changed, but not exactly in the way some nonprofit watchers predicted.…

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volunteer tax break

Volunteering for Charity: Do You Get a Tax Break?

If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to…

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tax tips

January/February 2019 Tax Tips

Employers can use 401(k) plans to help employees pay student loans In a recent private letter ruling, the IRS approved an employer’s student loan repayment program, under which it made…

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donation substantiation requirements

There’s Still Time to Get Substantiation for 2018 Donations

If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your 2018 year-end donations. But what happens if you haven’t…

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