Beware of charity scams. Do your homework before donating. Those are the warnings issued to the public by CNBC in a recent report about fraudulent nonprofits. The CNBC report focused on an unprecedented enforcement action in 2015. The Federal Trade Commission, along with all 50 states and other law enforcement authorities, filed a complaint against …
Have the leaders of nonprofits been overly incentivized to “follow the money,” resulting in a troubling shift in the composition of boards? The answer is yes according to a recent article in the Stanford Social Innovation Review. The trend may be “distort[ing] organization priorities” and may “dilute charitable values.” According to the author, Garry W. …
While the two biggest charitable donations in 2014 came from men over 80, the top 10 biggest donors reinforced young technology wealth as an important player in philanthropy. The list includes large donations from Nicholas Woodman, the founders of GoPro camera company, and his wife, and Larry Page, a co-founder of Google. The top donation …
Senator Jon Tester (D-Mont.) recently introduced the Sunlight for Unaccountable Nonprofits Act (The SUN Act), which would require that already public information about nonprofits (specifically, that included on their annual information returns) be made available to the public at no charge in an open, searchable format. The Act specifically would require the information provided be …
Maybe a better question is, What is a name worth? If you’re the family of Avery Fisher and New York’s Lincoln Center, a name is worth at least $15 million … and perhaps $100 million or more. For years, Lincoln Center has wanted to renovate Avery Fisher Hall, which is infamous for its subpar acoustics …
As individuals and businesses get ready to make their year-end charitable donations, the IRS provides its top tips about giving: 1. If you are making a charitable contribution of clothing and household items (e.g., furniture, furnishings, electronics), they must generally be in good used condition or better to be tax-deductible. Donors must get written acknowledgments …
