Yesterday we told you about Democratic Senators’ proposals to cut charitable deductions. Now Republican Rep. David Reichert is spreading the word that Republicans don’t agree. In an interview with The Chronicle of Philanthropy, Reichert affirms that he has never supported a cap on the charitable deduction and neither have any of his Republican colleagues. He …
Posts Tagged: donations
You Follow the Rules, Why Doesn’t Charity Navigator?
Your organization works hard and pays good money to follow the accounting rules – is it fair that Charity Navigator doesn’t? The charity evaluator uses metrics by which it analyzes and rates charities. These ratings are then viewed by thousands of potential donors. In an under-the-radar move, Charity Navigator recently revised its financial performance efficiency metrics to …
Madoffs Can't Even Give Their Money Away
When your organization accepts a donation, does it first consider the source of the donation? The Fidelity Charitable Gift Fund did just that when it turned down more than $250,000 in gifts last year from organizations founded by sons of Bernie Madoff. The Fund isn’t making public why it rejected the funds, but possible reasons …
Restrictions on Property Strike Again!
As we told you before, organizations and donors alike need to be careful when a contribution is made. We recently got another reminder on this. This time it wasn’t a true contribution, but a sale of real estate at a deeply discounted price. A land advocate, who died in 2005, sold the property to Johns …
Clawbacks Lose Ground
Does your organization conduct thorough due diligence before accepting donations? If not (and you’re not alone), your nonprofit may find itself having to repay donations later determined to have been made from funds associated with illegal activities. But Minnesota Gov. Mark Dayton is trying to change that. He recently signed legislation that will help shield …
Pro Bono Services Versus Dollars?
This is a choice Jean Case, CEO of the Case Foundation, seems to have decided for all nonprofits. Her answer? Pro bono labor. Sen. Mark Warner (D-Va.) agrees. He was recently quoted in Business Week stating that only with pro bono technical assistance can nonprofit organizations build capacity. These two extraordinarily wealthy and influential voices …