During the holidays, an estimated 75 percent of Americans plan to donate to charity but what many don't realize is that they can turn their generosity into tax savings by claiming a variety of donations on their tax returns.
This year, have you thought about a charitable donation? Not throwing money out into the void, hoping that some good will come of it, but giving to one of the charities that are taking the new "hand-up, not handout" approach to helping.
The goal of keeping your overhead low is demoralizing for NGO's, and a misguided strategy for donors. If we want to change the world we need to change the way we think about a growing sector that is well positioned to do this job.
Charity Navigator, a web site that provides potential donors with a way to evaluate in which nonprofits to invest, has announced a shift in how it will evaluate nonprofits itself. Some nonprofits are up in arms over whether such reporting will be fair and sufficiently nuanced.
Giving is the antidote to stress. And while writing a check or zipping funds through the Internet is fantastic and a great way to support causes close to you in an expedient way, don't overlook the value of giving to those you feel personally connected to.
It was clear that at just 7 years old, this little boy knew that it is much nicer to give than to receive. While this is the first time I have ever heard of a child donating all of their birthday presents, I hope it is not the last.
The deductibility of donations to religious organizations creates a discriminatory religious subsidy. One is free to donate to the religion of one's choice, but government support of these donations burdens every American, even the non-religious, with support for the faith industry.
Yes, it's that time of year again when the numbers for donations in the previous year are released and everyone is wondering what happened in 2012. Did Americans make more or less charitable donations to their favorite charitable causes?
The idea is that by subsidizing charitable donations, we as a society are getting greater positive social impact than we otherwise would. It's logical to ask, "How can we get the most positive social impact for our money?"
As many of us scurry to gather our receipts and recollect the donations we made in 2012, there is a chorus of folks who say that the predicted elimination of the deductibility of charitable donations will result in fewer people giving or people giving less. My response is that it will not.
These tax benefits embody all that is tax burden management. Neither is a big benefit, nor does either one affect "millions of taxpayers." However, if they impact you and you know about them, you will have more money in your pocket after you take advantage of them.
A case can be made that tax reform is the opiate of the people and their elected representatives -- a compelling topic that diverts them from the real issues like collecting adequate taxes to pay for the government services we rely on.
The women's funding movement has had an incredible influence on how we view philanthropy, and women's movements have been a catalyst for growth within the nonprofit sector, bringing attention to issues that may not have been "mainstream problems."
Did you know December is Identity Theft Prevention and Awareness Month because of the increase in instances of theft in the last few months of the year? Theft comes in all sorts of shapes and sizes and it is important to realize we are all susceptible.
Deliberately debilitating the nation's habits of the heart will not contribute to better fiscal health for future generations. Our national commitment to charity must prevail as the best possible witness of this nation's moral commitment to ensure justice for all.
Black Friday, Small Business Saturday and Cyber Monday are supposed to be the Holy Grail of deal-finding days, but the latest phenomenon looks to change our approach to the hustle and bustle of the holiday season.
For the vast majority of charitable causes, there is no publicly available information on results. In other words, most charities either do not currently compile such information or if they do, they are unwilling to share it publicly.