Independent Sector commissioned a study by the Indiana University Lilly Family School of Philanthropy on the potential impact of the 2017 federal income tax overhaul. This study predicts as much as a $19 billion decrease in giving.Read More
Fundraising & Nonprofit Report
The Fundraising & Nonprofit Report is published monthly. We give you up-to-date information about the most pressing legal issues related to fundraising and nonprofit organizations.
Charitable Giving Report
CNBC reported on January 18 that Americans gave $427.71 billion to charity in 2018. The report produced by Giving USA, when adjusted for inflation, reported an actual decline of 1.7%. The CNBA report speculates whether the new tax law, which eliminated or reduced the benefits of charitable giving for many would-be donors, was the cause.Read More
A new rule has been adopted requiring charitable organizations to file Schedule B to their 990 which identifies major contributors when making their annual report to the Division’s Charities Registration Section. (Commentary: New Jersey joins California and New York requiring the disclosure of donor information in charitable registrations.) (Additional Commentary: Charitable speech is a form of free speech, and the requirement by a state to disclose the name of supporters as a condition to engaging in constitutionally protected activity seems suspect.)Read More
On April 2, 700 nonprofits statewide participated in “Arizona Gives Day,” a grassroots effort that invites Arizonians to support their favorite causes. Last year, Arizona Gives Day raised more than $3.2 Million for the participating organizations.Read More
There is growing support to repeal a provision in the 2017 Tax Reform Law that applies a 21% tax on the value of fringe benefits provided by charities to their employees (for example, free parking) is growing. Along with it is optimism that this will be reversed.Read More