We are frequently asked whether pledges are binding. In California, for the most part the answer is no. In some other states, pledges can be binding as a matter of law. A pledge is a promise made by a donor to make a charitable contribution in the future. Even when in writing, pledges are typically …
Posts Tagged: charitable donations
Proposal to Balance the Federal Budget on the Backs of Charities…
The co-chairs of President Obama’s deficit commission released a proposal this past Wednesday that threatens to limit tax breaks for charitable donations. According to the a recent article in the Chronicle of Philanthropy (http://bit.ly/lfnp133j), the committee co-chairs feel that limiting the tax breaks on charitable donations is a possible way to curtail the nation’s budget …