News for Professional Advisors
Donor Advised Funds grow in 2012
The funds are now worth more than a third more than they were before the recession started, propelled by a 46-percent increase in donations last year, a Chronicle study finds. read the full report here: Donor-Advised Funds Keep Up Rapid Growth
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News for Professional Advisors
American Taxpayer Relief Act of 2012 - what you need to know in a nutshell
Thanks to the Council on Foundations for this list of key provisions and how it will impact charitable deductions KEY PROVISIONS The charitable deduction will continue to be coupled with an individual's or household's corresponding tax rate. In other words, there is no cap on charitable deductions. The tax rate will…
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News for Professional Advisors
Wealthy Donors Ramp Up Giving as Fiscal Talks Continue
Prompted by on-again off-again fiscal negotiations in Washington that include possible changes to the deduction for charitable giving, some high-net-worth donors are "paying forward" their charitable donations to take advantage of the deduction in its existing form, the Wall Street Journal reports.
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News for Professional Advisors
Year end giving and the fiscal cliff
Lots of articles in national journals about the impact of the 'fiscal cliff' on year end giving and tax planning. The WSJ reports "Tax uncertainty in Washington is setting off a mad scramble among wealthy taxpayers and charities to maximize donations before the end of the year." The New York…
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News for Professional Advisors
Inflation Causing Foundations Giving to Lose Ground
U.S. foundations gave an estimated $46.9 billion in 2011, surpassing the $46.8 billion in the pre-recession peak of 2008. However a new report from the Foundation Center found that after accounting for inflation, giving was slightly down from the previous year. Based on a survey of large and mid-sized foundations…
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News for Professional Advisors
