The leaves are changing color, the mornings are cooler, and the air has a crisp feel—fall is upon us. As the season of giving begins, nonprofits are faced with both opportunities and challenges in their fundraising efforts over the upcoming months. A recent report by The Association of Fundraising Professionals (AFP) highlights a concerning trend: […]
Tag: charitable giving
Avoid Tax Surprises: The Truth About Crowdfunding Donations
GoFundMe is an online platform that lets anyone set up a website to raise money to pay for a family member’s cancer treatments, college tuition payments, a new church building — almost anything you can imagine. Anyone who donates through the platform can obtain an official-looking receipt that can be used for tax purposes. But […]
Realize Tax Saving from Contributions to Charitable Organizations
The Tax Cuts and Jobs Act (TCJA) made many changes to the Tax Code, including dramatically increasing the standard deduction. The result is that fewer taxpayers will itemize their deductions. Taxpayers who do continue to itemize, generally high-net worth individuals, can continue to deduct their charitable contributions. This is a good thing for nonprofit organizations. […]
Creating a Family Philanthropic Plan
Philanthropy is a wonderful way to increase connection, share values and create meaning among family members. When you discuss your values and giving goals, your whole clan can find ways to make more of a difference. By involving your children and grandchildren in philanthropy, you’ll be gaining insights as everyone contributes information, broadening family members’ […]