Ex-top aide to Letitia James assists in directing funds for anti-ICE training through progressive charitable organization
In Washington, Letitia James, previously an aide to New York’s attorney general, heads a liberal nonprofit that funds anti-ICE training efforts. These sessions encourage demonstrators to disrupt federal immigration operations and advise using encrypted communications to share sensitive information discreetly. Anna Brouwer, who served as James’s chief of staff until September, is the chair of […]
NRA takes legal action against its charitable foundation for suspected misuse of $160 million in donations
The National Rifle Association (NRA) has initiated a lawsuit claiming that its charitable arm, the NRA Foundation, has misallocated $160 million in donations. The NRA contends that the foundation improperly used its trademarks and diverted funds meant for its charitable programs. Additionally, the NRA alleges that some former directors usurped control of the foundation to […]
Many Americans are not contributing to charitable causes at the end of the year due to concerns about the economy.
As the economy struggles, many Americans are tightening their belts when it comes to year-end charitable donations. Nonprofits hoping for a last-minute boost in contributions are likely to be disappointed, according to a recent AP-NORC poll, which attributes this shift to rising inflation, increasing living costs, and higher unemployment rates. About half of all respondents […]
IRS Introduces New Reporting Code for Charitable IRA Donations
Understanding Qualified Charitable Distributions (QCDs) Individuals aged 70 and a half or older can benefit from one of the more advantageous tax features of IRAs: the ability to donate up to $108,000 directly to qualified charities from their IRA accounts in a manner known as a Qualified Charitable Distribution (QCD). The great thing about QCDs […]
How Trump’s laws regarding charitable tax deductions might affect your giving timing
As the year winds down, many people are gearing up for the holiday season and thinking about giving. However, before you start donating, it’s crucial to understand some upcoming changes in the tax laws that could influence how much you can benefit from your charitable contributions. Significant modifications to the charity tax deduction are on […]
Corporate America’s Charitable Efforts Depend on Notorious ‘Hate List’ Targeting Conservative Organizations
Prominent corporate donation platforms have turned to the Southern Poverty Law Center (SPLC) for guidance, which has led to the halt of donations to various conservative, faith-based organizations unfairly categorized as “hate groups.” Benevity, a service commonly used by many companies for managing employee donations, reports processing a record amount—around $18.5 billion. This platform uses […]
Candace Cameron Bure shares that her faith influences her charitable efforts in the Dominican Republic.
Candice Cameron Bure Discusses Faith and Charity Work Actress Candice Cameron Bure describes her faith as a “guiding light,” influencing her desire to give back to the community. Engaging with various charities throughout her acting career, Bure recently shared her thoughts with Fox News Digital about how her Christian upbringing motivates her to assist those […]
Charitable groups pledge $37 million to support public media stations
On Tuesday, seven charitable organizations announced a substantial commitment of $37 million aimed at bolstering local public media, particularly in light of the recent elimination of federal funding for PBS and NPR. The involved foundations—including the John S. and James L. Knight Foundation, Pivotal, John D. and Katherine T. MacArthur Foundation, Ford Foundation, Schmidt Family […]
Making the Most of Charitable Donations for Best Tax Benefits: How a Taxable Account Outperforms a Roth
Strategies for Effective Tax-Efficient Charitable Giving I used to think donating cash to charities at the end of the year was a surefire way to maximize my tax deductions. I mean, who doesn’t want to feel good about helping others while saving a bit on taxes, right? But I came to a surprising realization: reducing […]
Updated guidelines for deducting charitable donations
If you regularly donate to tax-exempt charities or nonprofits, it’s important to know that there are upcoming changes to the rules about how much you can deduct from your contributions. Recently, several adjustments were made in President Donald Trump’s federal tax reform package, affecting those who take the standard deduction as well as those who […]