Linda & George own a $2 million commercial building. It is fully leased with fixed payment leases. Linda & George are strong supporters of a local charity…
Experts have noted that a one dimensional focus on nonprofit finances, if not
supplemented by other information, can lead a donor/social investor to make the wrong
decision as to which nonprofit they support.
When donating to a nonprofit, you like to think that most of your money is going towards its stated goal, and that the nonprofit spends most of its money towards making the world a better place.
Generosity is no longer the selfless act we’ve long thought it to be. Studies now suggest that one of the biggest benefactors of generosity is the person who is dishing it out.
Many people want to use part of their estate to help charities they believe in—leaving a legacy of helping out the less fortunate, nurturing the arts or supporting other important causes.
The failure of the bipartisan debt reduction committee to reach agreement means there are likely to be drastic cuts in federal spending that will result in many more Americans looking to the charitable sector to meet their needs.
If you make a donation worth $250 or more to an IRS-approved charity, you must
receive a qualified “contemporaneous written acknowledgement” from the charity to
claim a charitable deduction.