NEW LEADER ON BOARD - Association Bisnow - Washington

NEW LEADER ON BOARD - Association Bisnow - Washington: "American Associations Day is finally here, and ASAE will be celebrating today and tomorrow with a legislative fly-in. (Unlike other holiday fly-ins, this one does not involve reindeer or your mother-"

Policy Update: AFP Urges Senate Committee to Support Tax Incentives for Giving - Press - AFP

Policy Update: AFP Urges Senate Committee to Support Tax Incentives for Giving - Press - AFP: "Policy Update: AFP Urges Senate Committee to Support Tax Incentives for Giving

(March 29, 2011) Tomorrow, March 30, 2011, the Senate Finance Committee will hold a hearing titled 'How Do Complexity, Uncertainty and Other Factors Impact Responses to Tax Incentives' to determine whether tax incentives actually work, or whether they reward behavior that would have occurred anyway."

New York AG Issues Endowment Guidance- Exempt from The NonProfit Times March 22, 2011

New York AG Issues Endowment Guidance- Exempt from The NonProfit Times March 22, 2011: "March 22, 2011

New York AG Issues Endowment Guidance

New York Attorney General Eric T. Schneiderman released a guide for charities on new legislation that changes the rules on how they manage, invest and spend their endowments and other funds. The booklet, A Practical Guide to the New York Prudent Management of Institutional Funds Act, is available on the Attorney General’s Charities Bureau website, and provides guidance on frequently asked questions about the new law."

Not-so-giving charities would be punished under bill in Oregon Legislature | OregonLive.com

Not-so-giving charities would be punished under bill in Oregon Legislature

Publish Post

| OregonLive.com

Demystifying the 2010 Tax Act: What You Need To Know - Lewis Saret - The Wealth Strategies Report - Forbes

Demystifying the 2010 Tax Act: What You Need To Know - Lewis Saret - The Wealth Strategies Report - Forbes: "In December 2010, President Obama significantly changed the federal estate tax by signing the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “Act”). The Act impacts the estate plans of many individuals while presenting noteworthy estate planning opportunities. This post summarizes the key changes and provisions of the Act, detailing what you most need to know in order to stay on top of you and your clients’ estate plans in the coming years."

Congressman Urges Foundation Officials to Push for Tax Changes - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Congressman Urges Foundation Officials to Push for Tax Changes - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Congressman Urges Foundation Officials to Push for Tax Changes

March 9, 2011, 11:46 am

By Caroline Preston

With Washington scurrying to try to avoid a federal government shutdown, now might not be the easiest time for foundation officials to bend the ear of Congress members. But about 250 foundation employees are scheduled to be in town this week, as part of the Council on Foundation’s annual “Foundations on the Hill” day, to try to make their case to federal legislators about the value of philanthropy."

Nonprofits Oppose House Spending Reductions - Government - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Nonprofits Oppose House Spending Reductions - Government - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "onprofit advocates are gearing up to try to head off deep federal budget cuts for the 2011 fiscal year that were adopted over the weekend by the House of Representatives.

The legislation, which would cover spending until the end of September, would slash a wide range of social programs and completely kill AmeriCorps, other national-service programs, and the Corporation for Public Broadcasting."

Israel’s Government Set to Encourage Giving | eJewish Philanthropy: Your Jewish Philanthropy Resource

Israel’s Government Set to Encourage Giving | eJewish Philanthropy: Your Jewish Philanthropy Resource: "For the first time, the State of Israel will recognize the importance of philanthropic funds as a vital element in financing non-profit associations and social activities.

The joint Government, business sector and third sector round table has submitted to Prime Minister Benjamin Netanyahu a plan to promote both individual and corporate philanthropy in Israel. The goal – to increase the percentage of contributions."

Current Edition of Exempt Organizations Update

Current Edition of Exempt Organizations Update: "Current Edition of Exempt Organizations Update


EO Update is a periodic newsletter with information for tax-exempt organizations and tax practitioners - attorneys, accountants, and others - who represent them, from Exempt Organizations (Tax-Exempt and Government Entities) at the IRS."

Charitable Deduction Limit: Bad For Art Nonprofits? : NPR

Charitable Deduction Limit: Bad For Art Nonprofits? : NPR: "Now, in an effort to reduce the deficit, President Obama hopes to limit the charitable deduction for the top income bracket. That is, wealthy donors who itemize would not be able to deduct as much from their income to owe less in taxes. Charities — which are already hurting from the economic downturn — are worried this will discourage potential donors."

Help generous Iowans trust charities | The Des Moines Register | DesMoinesRegister.com

Help generous Iowans trust charities | The Des Moines Register | DesMoinesRegister.com: "Iowans need a simple, state-based source for checking out a charity to be able to answer that question. The Iowa Legislature should provide it by finally passing the Charitable Solutions Act.

Proposed again this year by Iowa Attorney General Tom Miller, Senate Study Bill 1029 would allow the state to establish a registry of organizations."

U.S. Senate Passes 1099 Repeal- The NonProfit Times Feb 14, 2011

U.S. Senate Passes 1099 Repeal- The NonProfit Times Feb 14, 2011: "Amid all the bad news charities are getting lately, there is a glimmer of hope -- at least for the accounting departments. The U.S. Senate this past Wednesday approved an amendment that would repeal a measure that would require nonprofits to file a Form 1099 for any vendor with which they spend more than $600. The new rule is set to take effect in January 2012."

IRS Rules on Deductibility of Payments That Produce Transferable State Tax Credits | Planned Giving Design Center

IRS Rules on Deductibility of Payments That Produce Transferable State Tax Credits | Planned Giving Design Center: "The IRS has ruled that payments of cash or property to a state agency or charitable organization that produce transferable state tax credits are considered qualified charitable contributions under section 170 of the Internal Revenue Code and are not a payment of tax possibly deductible under � 164. Further ruled, in the case of transfers of property, such transfers are not considered a taxable disposition under section section 1001."

IRS Releases Revised Pub. 526 - Charitable Contributions | Planned Giving Design Center

IRS Releases Revised Pub. 526 - Charitable Contributions | Planned Giving Design Center: "The IRS has released a revised version of Publication 526 - Charitable Contributions for use in helping taxpayers prepare 2010 tax returns."

Ohio.com - Charities worry fewer will donate if tax is repealed

Ohio.com - Charities worry fewer will donate if tax is repealed: "Charities also are worried.

Attorney Richard Harris, who heads the trust and estate department at the Akron-based law firm Brouse McDowell, said the elimination of the tax may affect whether people donate to charity upon their death.

Today, many people make charitable contributions because of the dollar-for-dollar tax deduction provided. But if that incentive is gone, he asked, will people reduce the amount they give to charity?"