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 »
Tag: Suzanne Garment
The woes of the Trump Foundation are pervasive among big donors
By Suzanne Garment and Leslie Lenkowsky This article first appeared in the Chronicle of Philanthropy on January 4, 2019. It’s probably tempting for many wealthy donors and others in philanthropy to view the Trump Foundation’s legal problems as an aberration. But the closure of the foundation last month speaks volumes about problems that are all… Read more »
As states seek charitable ways to skirt federal tax law, philanthropy must watch out
By Suzanne Garment and Leslie Lenkowsky California, that cradle of legislative creativity, has become the first state to take concrete steps to help people avoid the new limit on federal deductions for state and local taxes. The state’s Senate has overwhelmingly passed a bill to let Californians pay 85 percent of their state taxes into… Read more »