The most important part of the new American Rescue Plan Act for philanthropy may be one which provides not a cent to any nonprofit group or a tax incentive to any donor. The law includes changes in the Child Tax Credit that, according to the Institute on Taxation and Economic Policy, could raise the incomes… Read more »
Entries by Les Lenkowsky
After the protests, will philanthropy do the right thing this time around?
This article was originally published in the Chronicle of Philanthropy. By Suzanne Garment and Leslie Lenkowsky For those of us of a certain age, the realization hits right between the eyes: This is where we came in. It was more than 50 years ago when the last big wave of civil unrest hit this country…. Read more »
Tainted money: The problem of corporate donations
Earlier this month, a Federal court in Massachusetts unsealed a “whistleblower” lawsuit that had been filed against the American Kidney Fund (AKF) in 2016. It alleged that AKF, a charity which provides financial support for people unable to afford kidney dialysis, favored applications from patients who received treatment at clinics run by its principal corporate… Read more »
Tainted money: The Theranos case
The demise of a Silicon Valley start-up called “Theranos” has renewed doubts about whether business and philanthropic purposes can really mix. Although nonprofits have long relied on payments for the services they provide or the goods they produce, critics have denounced the “marketization of the nonprofit sector” as having the potential to corrupt charities, causing… Read more »
The 2020 campaign is here. Now the IRS will warn charities to avoid politicking
By Suzanne Garment and Leslie Lenkowsky This article first appeared in the Chronicle of Philanthropy on April 17, 2019. The 2020 presidential campaign is already underway, and it’s likely to be an especially contentious one. That may lead the Internal Revenue Service (IRS) to issue one of its recurrent reminders about what tax-exempt organizations, other… Read more »