New Tax Deal Lowers Estate Tax and Extends IRA Charity Break - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

New Tax Deal Lowers Estate Tax and Extends IRA Charity Break - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Congress has approved a new tax deal that would lower estate-tax rates from 2009 levels and extend a benefit for older donors who tap their individual retirement accounts to make charitable donations.

President Obama, who brokered the deal with Republican lawmakers, is expected to sign the bill into law today."

Exempt Organization Update | Planned Giving Design Center

Exempt Organization Update | Planned Giving Design Center: "he IRS today released Exempt Organization Update for December 15, 2010. The update includes: Exempt Organizations Releases FY 2011 Implementing Guidelines; Leadership Changes in Exempt Organizations; Priority Guidance Plan for 2010-11 Announced; Follow the IRS on Twitter; Tax Preparers: Register for PTINs Now; Proposed Regulations Would Reduce Enrolled Agent Fees; and Electronic Funds Transfer of Depository Taxes."

Draft house-to-house collections code gives too much power to local authorities, says PFRA - Civil Society - Fundraising - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits

Draft house-to-house collections code gives too much power to local authorities, says PFRA - Civil Society - Fundraising - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits: "The PFRA warns in its briefing that the impact of such guidance from NALEO could have wider impact than on just house-to-house clothing collections. “By seeking to address the issue via statute rather than voluntary self-regulation/best practice (the Code), NALEO and licensing authorities are in danger of seriously damaging the house-to-house solicitation of direct debits,” the briefing paper reads."

Raffles could get OK of state - Local - TheSunNews.com

Raffles could get OK of state - Local - TheSunNews.com: "COLUMBIA -- A bill to legalize charitable raffles and casual gambling is moving forward in the Senate, but senators caution that doesn't mean they are opening the door to professional gambling.

'It is not bringing organized gambling to South Carolina,' Senate President Pro Tempore Glenn McConnell said. 'It isn't opening up casinos. It's allowing charities to do what they are already doing and to prevent selective enforcement of the law in South Carolina.'"

Nonprofits Fear Loss of Charitable Tax Deduction - NYTimes.com

Nonprofits Fear Loss of Charitable Tax Deduction - NYTimes.com: "“The administration’s proposal went nowhere, but Pandora’s box was cracked open then,” said Diana Aviv, president of the Independent Sector, a trade group for nonprofits.

Charities warn that reducing or eliminating the deduction will cause irreparable damage to the nonprofit sector. They said the proposed changes came at a time of sustained and severe declines in donations because of the recession and cuts in government contracts for nonprofits. The charities also noted an increased demand for services."

The Podium

The Podium: "The Podium
November 29, 2010

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This week's Podium comes to us from the Association of Fundraising Professionals (AFP).

How would a government-imposed salary cap on your own compensation affect you? Would it affect your performance? What sort of message would it send to you, your organization and those who support your organization if that cap were imposed upon every employee’s compensation? How would it affect your own hiring practices and your pools of potential hires? How would you feel if the cap were imposed even though a separate existing government entity was already regulating your organization and its compensation practices?"

The Nonprofit Quarterly | @npquarterly | PILOTs in the Recession

The Nonprofit Quarterly | @npquarterly | PILOTs in the Recession: "The Lincoln Institute of Land Policy has just produced the definitive study of Payments in Lieu of Taxes (PILOTs) that are slapped on tax exempt nonprofits to help pay for municipal services. The report documents PILOTs in 117 municipalities in 18 states. The researchers say that Boston's pilot program is among the nation's most 'revenue productive.'"

Ottawa gives Bill Clinton foundation special designation - The Globe and Mail

Ottawa gives Bill Clinton foundation special designation - The Globe and Mail: "The federal government has quietly given Bill Clinton’s charitable foundation a special designation that will allow it to receive indirect support from Canadian taxpayers.

The government’s move means the former U.S. president’s charity, called the William J. Clinton Foundation, can now issue tax receipts to Canadian donors and receive grants from Canadian charities."

The Nonprofit Quarterly | @npquarterly | What's in Store for Philanthropy in the New Congress

The Nonprofit Quarterly | @npquarterly | What's in Store for Philanthropy in the New Congress: "It's freshman orientation on Capitol Hill, and the larger-than-usual class of 2010 is getting a crash course on how to navigate the next two years – trading the loftiness of campaign speeches for mundane lessons in how to do their new jobs.

As more than 100 new members of Congress – 85 Republicans, a meager nine Democrats – seek out new apartments and directions to the nearest Capitol restrooms, foundations have to be concerned with the messages and implications of this year’s midterm elections."

Go-Jamaica :: Charitable organisations in Jamaica to be regulated :: News

Go-Jamaica :: Charitable organisations in Jamaica to be regulated :: News: "Charitable organisations in Jamaica to be regulated

2010-11-19 07:28:13 | (2 Comments)

The Cabinet has given approval for the drafting of legislation to govern the establishment of charitable organisations in Jamaica.

The legislation will be influenced by the Charities Policy which was also recently approved by the Cabinet."

State auditor to teach nonprofits accounting workshop | accounting, state, auditor - News - ENCToday

State auditor to teach nonprofits accounting workshop | accounting, state, auditor - News - ENCToday: "he N.C. State Auditor will teach a seminar on nonprofit accounting dos and don’ts in New Bern this week.

Beth Wood will talk to agencies from North Carolina Council on Women’s 19-county southeastern region at the seminar at Craven Community College on Thursday."

OPINION: Nonprofits' raffles? There ought to be a brand new law | SCNOW

OPINION: Nonprofits' raffles? There ought to be a brand new law | SCNOW: "What’s at stake here is far more than lifting the roley-poley ban (or more to the point, eliminating archaic language from the state codes). A critical part of any code re-write will be an attempt to lift an absurd burden from the backs of the state’s 40,000 or so nonprofit organizations. The same law that bans roley-poley et al also prohibits any sort of public gambling. This includes raffles, poker runs, March Madness office pools and possibly, depending how one takes a certain sentence in the statute, even playing Monopoly. Potential penalties include stiff fines (up to $10,000 for lottery ticket sellers) and even jail time. Enforcement is lax — State Law Enforcement Division agents and sheriff’s deputies occasionally issue warnings when raffles are brought to their attention — but this is madness all the same."

The Nonprofit Quarterly | @npquarterly | Aloha to Current Nonprofit Property Tax Exemptions?

The Nonprofit Quarterly | @npquarterly | Aloha to Current Nonprofit Property Tax Exemptions?: "November 14, 2010; Source: Star Advertiser | If a group of Honolulu city council members has its way, nonprofits that are exempt from paying more than $300 a year in property taxes will see their bills go up. Sparking the push to raise more revenue from nonprofits—as in other municipalities around the country—is an expected $100 million-plus gap in the city's budget."

The Nonprofit Quarterly | @npquarterly | Aloha to Current Nonprofit Property Tax Exemptions?

The Nonprofit Quarterly | @npquarterly | Aloha to Current Nonprofit Property Tax Exemptions?: "November 14, 2010; Source: Star Advertiser | If a group of Honolulu city council members has its way, nonprofits that are exempt from paying more than $300 a year in property taxes will see their bills go up. Sparking the push to raise more revenue from nonprofits—as in other municipalities around the country—is an expected $100 million-plus gap in the city's budget."

Ga. Supremes rule for nonprofits in tax case | Atlanta Business Chronicle

Ga. Supremes rule for nonprofits in tax case | Atlanta Business Chronicle: "Click here to find out more!

The Georgia Center for Nonprofits (GCN) on Tuesday lauded a Georgia Supreme Court decision that is favorable to Peach State nonprofits seeking tax relief."