Could we tinker with the charitable deduction and improve it without killing the incentive to give? Could we more sharply define, donating to the public good, the difference between a seat on a prestigious museum board and housing the homeless?
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With all the donating we do throughout the year, how do we know what's deductible, how much of it can we write off of our taxes, and what records do we need to support it?
We're only two weeks into December and I've already been approached by more than a dozen charities asking for donations. In a tough economy, those org...
The impact on nonprofits of a changed tax treatment is likely to be as varied as the nonprofits themselves -- not to mention the philanthropists that support them.
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