For many charitable institutions, accepting gifts subject to certain donor-imposed restrictions is in the normal course of business. While these restricted funds are quite common, their usefulness can occasionally become...more
Donors with ownership interests in privately held companies (i.e., limited liability companies, corporations, partnerships) have the ability to utilize the interest to make a charitable gift. This strategy becomes...more
8/11/2023
/ 501(c)(3) ,
Capital Gains Tax ,
Charitable Donations ,
Donors ,
Gifts ,
Income Taxes ,
Ownership Interest ,
Privately Held Corporations ,
Public Charities ,
Tax Deductions ,
Tax Planning ,
Tax Returns
Charities increasingly receive inquiries from donors regarding the entity’s willingness to accept cryptocurrency (“crypto”) donations. In the wake of the pandemic, charities should consider ways to diversify fundraising...more
The COVID-19 pandemic has impacted almost every business and nonprofit organization. Many experts have written about how nonprofits can handle fundraising during the crisis, suggesting increasing donor engagement, staying the...more
Nonprofit organizations with traditional reliance on event fundraising are now in a position to solicit donors in an alternate manner because of the COVID-19 pandemic. It is an opportune time to launch formal annual and...more
4/28/2020
/ CARES Act ,
Charitable Donations ,
Donor-Advised Funds (DAFs) ,
Endowment Funds ,
Life Estates ,
Life Insurance ,
Qualified Charitable Distributions ,
Retirement Funds ,
SECURE Act ,
Tax Incentives ,
Trusts
On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). The CARES Act benefits nonprofit organizations. The below summary contains highlights of several applicable...more
4/2/2020
/ CARES Act ,
Charitable Donations ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Educational Institutions ,
Employee Retention ,
Financial Stimulus ,
Loan Forgiveness ,
Loans ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
Tax Credits
501(c)(3) Nonprofit Organizations Update: CARES Act and Importance of Developing Comprehensive Charitable Giving Opportunities During COVID-19 Pandemic
On March 27, President Trump signed into law the Coronavirus Aid,...more