Legal expert and The Fund Raising School faculty member Phil Purcell recently sat down with Bill Stanczykiewicz to talk taxes. With tax season upon us, it’s important to make sure fundraising professionals and donors are aware of particular aspects of federal tax policy. You can listen and subscribe to the podcast or read the full… Read more »
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 »
The Lilly Family School of Philanthropy recently published a report, commissioned by Independent Sector, that examined the potential impacts of five policy options that extend incentives for charitable giving to non-itemizers, or those who decide to take the flat-dollar standard deduction on their taxes. In 2018, individuals in the United States donated $292 billion to… Read more »
For the past four years, the Philanthropy Outlook, a publication made possible by a partnership between the Lilly Family School of Philanthropy and Marts & Lundy, a leading fundraising and philanthropy consulting firm, has used a forecasting model to test variables to predict baseline measures of giving for the four sources of giving (individuals, foundations,… Read more »
By Suzanne Garment and Leslie Lenkowsky As Congress begins to debate President Trump’s tax-overhaul plan, nonprofits have already geared up to take part. They’ve made clear that they want to avoid the “wrong kind of tax reform,” meaning changes that could depress Americans’ charitable giving. But the way charities have framed their legislative priorities puts… Read more »