Universal Charitable Deduction Gains Influential Support

There's been talk for many years about expanding the charitable deduction. But since the enactment of the Tax Cuts and Jobs Act of 2017 (TCJA), interest has picked up in expanding it beyond those taxpayers who itemize deductions. This jump in support - or at least a willingness to consider such a major change - is in large part because the TCJA unexpectedly broadened the standard deduction. Now, many former itemizers Read More

Overhead Aversion: Yes, There Really Is Such A Thing

Among the most important developments in 2019 in the nonprofit sector is that cracks are emerging in the disastrous Overhead Myth wall. This concept was first formally described ten years ago in The Nonprofit Starvation Cycle, a groundbreaking article in the prestigious Stanford Social Innovation Review. We've written about it several times including most recently in Smashing The Overhead Myth: A Step Read More

Gifts in Kind: CA Bill Vetoed

During the whirlwind 2019 legislative session in California, lawmakers considered hundreds of bills including one that, if approved, would change the law on how charitable gifts-in-kind (GIFs) are valued for accounting purposes.  Assembly Bill 1181, backed by Democratic Attorney General Xavier Becerra, “easily passed the Assembly in the spring….” In late summer, the Senate also gave its approval by a wide margin. The Read More

Overseas Grants: Avoid Sanctions

There are desperate, continuing, needs for International humanitarian assistance; the range and scope of causes and priorities is daunting - and growing. Americans are eager to help, directly and indirectly, through existing U.S. charitable organizations or in response to crowdfunding and other emergency appeals. Many 501(c)(3)s already include international operations or reach; others may be considering Read More

New Study: A Dark Side of Corporate Philanthropy

The Washington Post in mid-January 2019 reported on a surprising new study about corporate philanthropy released a month earlier by the National Bureau of Economic Research. Five researchers examined certain ramifications of the relationship of the corporate-donor and nonprofit-donee relationship. What were they looking for? In Hall of Mirrors: Corporate Philanthropy and Strategic Advocacy, the examiners Read More

Nonprofit Data Giants Announce Merger

The name of the game in 2019 - across all sectors of the American economy - is data. For the philanthropy community, there’s a massive new data behemoth making its debut.  The new entity named “Candid” is the result of a long-planned merger of The Foundation Center and GuideStar. the two largest data and information nonprofit organizations in the United States. Candid does more than combine “vast troves of Read More

Thanks, but No Thanks (For the Donation)

Long gone are the days when a nonprofit couldn’t imagine turning down a donation - particularly a large one. In recent years, though, more and more organizations are rejecting contributions for a wide variety of legitimate reasons. Two of the most frequently cited rationales for rejecting a charitable gift are: (1) too many restrictions on how the money is to be spent; and (2) ethical issues about how the donor Read More