Readers of this blog know that I periodically comment on news stories that somehow intersect with planned giving. Penn State story and planned giving? Well, yes. Here is a link to a Reuters story that just broke on the Sandusky scandal: http://www.reuters.com/article/2012/07/12/us-usa-crime-sandusky-idUSBRE86B05D20120712 What caught my attention? The following two sentences from the article: “The report...
This is a very interesting blog post about how some municipalities are blackmailing (not in a literal sense) nonprofits to pay some local taxes or face possible loss of their local real estate tax exemptions. Unfortunately, many nonprofits are at risk of being “hit up” by cash starved towns.
Yes, bequests were up again in 2011 according to Giving USA 2012 – reaching $24.41 billion (up 12.2% from 2010). Nothing surprising there. As I spend the next few weeks scouring the report/data and updating our presentations, I am sure that I will be reporting on some interesting tidbits. Here is the first one. Take...
The timing and content of gift receipts by nonprofits for charitable gifts over $250 can mean the difference between a generally happy situation and a very unhappy one (where your donor loses his deduction, with significant legal costs no less!). The gift acknowledgement rules are simple: Donor must receive gift receipt (for gifts over $250) by the...
Finally, a Definition for Planned Giving