Can I Give my QCD to a DAF? And Other Questions
QCDs are gaining in popularity and CAF America often receives questions about how they work, especially in the context of international giving. See below the top 5 questions our donors have asked about QCDs. If you have a traditional (non-Roth) IRA, at age 73 you are required to start taking money in disbursements called Required… CONTINUE READING >>
5 Things to Know this Charitable Giving Season
This time of year is often known for the changing colors of the leaves, preparations for family gatherings, and the beginning of the holiday season. More importantly, it’s also the time for many Americans to make their charitable gifts before the end of the year. If you’re considering making some gifts this season, here are… CONTINUE READING >>
Substantiating and Reporting Charitable Contributions: Requirements from the IRS
Effective July 30, 2018, the IRS published final regulations for Substantiation and Reporting Requirements for Cash and Noncash Charitable Contribution Deductions. These updates guide individuals, partnerships, and corporations making charitable contributions on how these contributions should be substantiated and reported in order for them to be legally tax-deductible. These regulations clarify existing regulations by adding new… CONTINUE READING >>
Is your Organization Compliant to Solicit Charitable Gifts in the U.S.?
The United States is a key source of funding for charitable organizations and causes across the globe, but soliciting donations in the US can be a complex and burdensome process. To start, let’s stay within the US borders. The Internal Revenue Service (IRS) certifies the creation and oversees the activities of all charitable organizations in… CONTINUE READING >>
A Recap of IGS18
Some of the IGS18 Delegates in front of the Washington Monument! “The legal environment impacting cross-border giving is changing, and sadly not always for the better. But such laws are just part of a larger picture, an ever-changing tapestry of environments, both domestically and around the world, that impact our work.Changes to our field can… CONTINUE READING >>
11 Facts About Donor Advised Funds and Private Foundations
When evaluating options for best structuring charitable giving, donors often wish to assess the differences and benefits offered by creating a private foundation or opening a donor advised fund (DAF). While private foundations and DAFs enable strategic and tax-effective charitable giving, they differ enough that they can appeal to different types of donors, be more… CONTINUE READING >>
Giving to Canadian Charities? Make Sure You’re in Compliance
From time to time, our conversations with donor clients or charity partners reveal certain misconceptions within the philanthropic sector. One issue that continues to surface is that giving to Canadian charities is easy. Alas, it isn’t so simple. This piece addresses the erroneous belief that grantmaking into Canada does not require any due diligence. While… CONTINUE READING >>
Beyond the Medals
By Alisha Greenberg, Founder of Rounding Third, LLC If you are anything like me, you were glued to the television much of this month following the action in PyeongChang. I look forward to the Olympics as a sports fan and even more so as a sports impact leader. Sports impact, or the benefit that sports… CONTINUE READING >>
Is your Organization Compliant to Solicit Charitable Gifts in the U.S.?
The United States is a key source of funding for charitable organizations and causes across the globe, but soliciting donations in the US can be a complex and burdensome process. To start, let’s stay within the US borders. The Internal Revenue Service (IRS) certifies the creation and oversees the activities of all charitable organizations in… CONTINUE READING >>
The Latest from the IRS on DAFs, Donor Pledges, and other Donor Benefits
The IRS released an important notice regarding donor advised funds (DAFs) on December 4th, 2017 and has begun soliciting public comments on a number of issues concerning distributions from DAFs. While at this time only Section 4 has been posted by the IRS as guidance taxpayers may currently rely on, there is much to learn… CONTINUE READING >>
