When you want to make a lasting impact through charitable giving, two of the most common vehicles are private foundations and donor advised funds (DAFs). Each offers unique advantages, but they are not the same. Understanding the differences can help…
According to Harold Hancock, legal counsel for the House Ways and Means Committee, tax code changes are possible this year for charities and other nonprofits. We talked about this last year (and the year before), but so far, nothing has…
An article published yesterday by the online newspaper, ProPublica (which claims to focus on stories with “moral force”), is getting a lot of attention. In the essay entitled, The Wall Street Takeover of Charity, writer Jesse Eisinger goes to great…
An article out this morning in The Chronicle of Philanthropy discusses the current trend in donor-advised funds. According to the story, gifts to donor-advised funds were up 23% in 2013. That adds up to a massive figure of $17 billion…
Ever since Barack Obama became President in 2009, we have had to endure his annual budget proposal to limit the tax deductibility of charitable contributions. And each year, we, along with almost the entire nonprofit sector, scream in frustration, knowing…