Pittsfield study group isn't sure if nonprofits have the cash to donate in lieu of taxes - Berkshire Eagle Online: ITTSFIELD -- Members of the city’s PILOT (Payment In Lieu Of Taxes) Study Group learned Monday that it’s unclear whether local nonprofit entities have the capacity to bolster municipal government through donations.
Meeting for the second time, the 10-member group digested the presentation of statistics concerning nonprofits in the city, and the consensus seemed to be that a program seeking regular donations from the organizations won’t be easily designed.
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Tuesday, February 26, 2013
Expect Expanded IRS Revocation List In March - Tony Martignetti
Expect Expanded IRS Revocation List In March - Tony Martignetti: Next month’s list will be larger than usual because IRS is changing the admission standard. It’s easier to get on.
Starting in March, charities will get one month notice that they’re facing revocation. Until now, you didn’t make the list until tax-exempt status had been revoked for six months.
March’s list will have a seven month catch up–all those revoked but not yet revealed, plus those soon to be revoked–so it will be much longer.
Starting in March, charities will get one month notice that they’re facing revocation. Until now, you didn’t make the list until tax-exempt status had been revoked for six months.
March’s list will have a seven month catch up–all those revoked but not yet revealed, plus those soon to be revoked–so it will be much longer.
Friday, February 22, 2013
Charitable tax deduction: What price for love? - CSMonitor.com
Charitable tax deduction: What price for love? - CSMonitor.com: In weighing tax reform, Congress has its eye on the charitable tax deduction – as a 'loophole.' It needs to first look at the changing ways that Americans give and then act to safeguard charity in all its forms.
Thursday, February 21, 2013
IRS Updates, February 2013: Type III Supporting Organizations, 990s for the 2012 Tax Year, and More
IRS Updates, February 2013: Type III Supporting Organizations, 990s for the 2012 Tax Year, and More: 2013
IRS Updates, February 2013: Type III Supporting Organizations, 990s for the 2012 Tax Year, and More
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IRS Updates, February 2013: Type III Supporting Organizations, 990s for the 2012 Tax Year, and More
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Wednesday, February 20, 2013
California Lawmaker Seeks to End Boy Scouts' Tax Exemption - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
California Lawmaker Seeks to End Boy Scouts' Tax Exemption - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: California Lawmaker Seeks to End Boy Scouts’ Tax Exemption
February 20, 2013, 10:42 am
A proposed California measure would revoke tax-exempt status from the Boy Scouts and other youth groups that bar gay participants, reports the San Francisco Chronicle
February 20, 2013, 10:42 am
A proposed California measure would revoke tax-exempt status from the Boy Scouts and other youth groups that bar gay participants, reports the San Francisco Chronicle
Tuesday, February 19, 2013
Charities may get extra year to claim gift aid small donations
UK News
Charities may get extra year to claim gift aid small donations: Parliament is to consider changes to the gift aid small donations scheme regulations which will double the amount of time charities have to claim on small cash donations.
Draft regulations were laid before Parliament at the end of last week which will mean that charities can claim GASDS on donations made up to two years previous, as opposed to the one year in the previous regulations.
Charities may get extra year to claim gift aid small donations: Parliament is to consider changes to the gift aid small donations scheme regulations which will double the amount of time charities have to claim on small cash donations.
Draft regulations were laid before Parliament at the end of last week which will mean that charities can claim GASDS on donations made up to two years previous, as opposed to the one year in the previous regulations.
Charitable Tax Deductions Expected to be a Budget Casualty | Feb 15, 2013 - NBR | Nightly Business Report
Charitable Tax Deductions Expected to be a Budget Casualty | Feb 15, 2013 - NBR | Nightly Business Report: Video: Charitable Tax Deductions Expected to be a Budget Casualty | Feb 15, 2013
Friday, February 15, 2013
Pittsfield PILOT Group Examining Role of Nonprofits / iBerkshires.com - The Berkshires online guide to events, news and Berkshire County community information.
Pittsfield PILOT Group Examining Role of Nonprofits / iBerkshires.com - The Berkshires online guide to events, news and Berkshire County community information.: The new PILOT Study Group, which convened for the first time this week, brings together city officials with representatives of the business and nonprofit community to examine the feasibility of implementing something akin to the "Payment in Lieu of Taxes" program that has so far brought in tens of millions a year in additional revenue in the state capital.
Thursday, February 14, 2013
Pa. Hospitals Push Law to Limit Towns on Taxing Nonprofits - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
Pa. Hospitals Push Law to Limit Towns on Taxing Nonprofits - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Pa. Hospitals Push Law to Limit Towns on Taxing Nonprofits
February 14, 2013, 10:55 am
A Pennsylvania legislative committee endorsed on Wednesday a constitutional amendment, backed by the state’s nonprofit hospitals, that would restrict the ability of municipal governments to challenge charities’ tax exemptions, says the Pittsburgh Tribune-Review.
February 14, 2013, 10:55 am
A Pennsylvania legislative committee endorsed on Wednesday a constitutional amendment, backed by the state’s nonprofit hospitals, that would restrict the ability of municipal governments to challenge charities’ tax exemptions, says the Pittsburgh Tribune-Review.
Over 40 Nonprofit Officials and Experts to Testify on Charitable Deduction - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
Over 40 Nonprofit Officials and Experts to Testify on Charitable Deduction - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: The House Ways and Means Committee, sponsor of the mega-hearing, will receive testimony from representatives of trade associations including the Association of Fundraising Professionals, Council on Foundations, Independent Sector, and National Council of Nonprofits and charities including the Associaion of Gospel Rescue Missions, Meals on Wheels, and Volunteers of America.
Philanthropy Must Do More to Influence Policy, Say Government Officials - News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
Philanthropy Must Do More to Influence Policy, Say Government Officials - News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Philanthropy needs to step up its efforts to influence policy if it expects to produce big changes on pressing issues like poverty, criminal justice, health care, the environment, and education, government officials told an audience of grant makers, nonprofit leaders, and scholars this week at an event on philanthropy and politics.
Wednesday, February 13, 2013
In Defense of Charitable Tax Deducations | Fox Business
In Defense of Charitable Tax Deducations | Fox Business: Giving is a virtue under the U.S. tax code, but concern is growing among philanthropic leaders about the charitable contributions deduction, a key fund-raising tool for charities.
Worried that federal deficit-fighting efforts are putting a pinch on the tax break, dozens of United Way executives will visit Congress this week to plead their case.
Worried that federal deficit-fighting efforts are putting a pinch on the tax break, dozens of United Way executives will visit Congress this week to plead their case.
Charitable Deduction | Independent Sector
Charitable Deduction | Independent Sector: LATEST NEWS
Ways and Means to hold hearing on charitable giving (NEW)
House Ways and Means Committee Chairman Dave Camp (R-MI) has announced that the Committee will hold a hearing to examine the itemized deduction for charitable giving as part of its work on comprehensive tax reform. The hearing is schedule to take place Thursday, February 14 in room 1100 of the Longworth House Office Building beginning at 9:30am. Independent Sector has accepted an invitation to share oral testimony before the Committee.
JCT report on the tax treatment of charitable contributions (2/11/13)
Ways and Means to hold hearing on charitable giving (NEW)
House Ways and Means Committee Chairman Dave Camp (R-MI) has announced that the Committee will hold a hearing to examine the itemized deduction for charitable giving as part of its work on comprehensive tax reform. The hearing is schedule to take place Thursday, February 14 in room 1100 of the Longworth House Office Building beginning at 9:30am. Independent Sector has accepted an invitation to share oral testimony before the Committee.
JCT report on the tax treatment of charitable contributions (2/11/13)
Congressman Calls For Hearing On Charitable Deduction - TheNonProfitTimes
Congressman Calls For Hearing On Charitable Deduction - TheNonProfitTimes: The charitable deduction is in congressional crosshairs again as Rep. Dave Camp (R-MI) called for a hearing on the topic on Feb. 14.
Camp, the chairman of the House Ways and Means Committee, announced Tuesday that he wants representatives from the charitable sector to testify to the Committee about how limits to the charitable deduction would impact nonprofits. Organizations have fought changes to the deduction in the past, and the hearing by the House Ways and Means Committee will give representatives from the sector another chance to explain why they believe it’s a bad idea to limit the deduction.
Camp, the chairman of the House Ways and Means Committee, announced Tuesday that he wants representatives from the charitable sector to testify to the Committee about how limits to the charitable deduction would impact nonprofits. Organizations have fought changes to the deduction in the past, and the hearing by the House Ways and Means Committee will give representatives from the sector another chance to explain why they believe it’s a bad idea to limit the deduction.
AFP eWire for February 12, 2013 | Volume 13, Number 7
AFP eWire for February 12, 2013 | Volume 13, Number 7: Special Announcement:
AFP President and CEO to Testify Before
House Ways and Means Committee on Thursday, Feb. 14.
AFP President and CEO Andrew Watt, FInstF, will testify before the House Ways and Means Committee about the charitable deduction on Thursday, Feb. 14. He will discuss the importance of the deduction beyond just the gifts it generates and ask Congress to look at the broader issues of philanthropy and partnerships. Click here to learn more about the hearing, and AFP will have more information about Andrew’s comments later this week.
AFP President and CEO to Testify Before
House Ways and Means Committee on Thursday, Feb. 14.
AFP President and CEO Andrew Watt, FInstF, will testify before the House Ways and Means Committee about the charitable deduction on Thursday, Feb. 14. He will discuss the importance of the deduction beyond just the gifts it generates and ask Congress to look at the broader issues of philanthropy and partnerships. Click here to learn more about the hearing, and AFP will have more information about Andrew’s comments later this week.
Tuesday, February 12, 2013
IU School of Philanthropy dean to testify before Congress on tax deductions for charitable donations: IU News Room: Indiana University
IU School of Philanthropy dean to testify before Congress on tax deductions for charitable donations: IU News Room: Indiana University: INDIANAPOLIS, Ind. -- Eugene R. Tempel, founding dean of the Indiana University School of Philanthropy and former president of the IU Foundation, has been selected to testify at a congressional hearing this week examining the impact of tax policies on charitable giving.
Thursday, February 07, 2013
Congress and IRS Urged to Make Charity Data More Open - Government - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
Congress and IRS Urged to Make Charity Data More Open - Government - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: A group of open-government advocates and foundation leaders is calling on Congress to require nonprofits to file their Form 990 informational tax forms with the Internal Revenue Service electronically and asking the IRS to work with third parties to create a public database of the information contained in the forms.
Wednesday, February 06, 2013
Congressman Calls For Hearing On Charitable Deduction - TheNonProfitTimes
Congressman Calls For Hearing On Charitable Deduction - TheNonProfitTimes: he charitable deduction is in congressional crosshairs again as Rep. Dave Camp (R-MI) called for a hearing on the topic on Feb. 14.
Camp, the chairman of the House Ways and Means Committee, announced Tuesday that he wants representatives from the charitable sector to testify to the Committee about how limits to the charitable deduction would impact nonprofits.
Camp, the chairman of the House Ways and Means Committee, announced Tuesday that he wants representatives from the charitable sector to testify to the Committee about how limits to the charitable deduction would impact nonprofits.
Tuesday, February 05, 2013
Social Welfare Groups under Microscope in N.Y. Hearings - NPQ - Nonprofit Quarterly
Social Welfare Groups under Microscope in N.Y. Hearings - NPQ - Nonprofit Quarterly: Last week, the second in a series of four public hearings on proposed changes to New York campaign finance disclosure rules was held in Albany, N.Y. The first hearing was held in Manhattan two weeks prior, and the final two airings of the proposal will be in Buffalo and Mineola (Long Island) respectively. The public comment period on the proposed regulations ends on March 6.
Friday, February 01, 2013
Ethics Opinion Lets Lawmakers Solicit for Nonprofits | The Texas Tribune
Ethics Opinion Lets Lawmakers Solicit for Nonprofits | The Texas Tribune: In a unanimous decision on Thursday, the Texas Ethics Commission's board approved an amended advisory opinion that stopped short of recommending against lawmakers soliciting contributions for nonprofit organizations they are employed by. Instead, the opinion encourages lawmakers to understand that such contributions "could be viewed as improper under certain circumstances."
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