Blog: regulations

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 >>


Giving to India? FCRA Compliance and More

In Brief Donors in the United States may not give directly to Indian nonprofits and receive a tax deduction in the US. By giving through CAF America, US donors can make tax effective donations to any successfully vetted foreign charitable organization. Giving to a foreign nonprofit without conducting due diligence on the organization and its… CONTINUE READING >>


IRS Publishes New Guidelines for Equivalency Determination

Many international grantmakers in the U.S. were very pleased when in 2015 the Department of Treasury published its final regulations called “Reliance Standards for Making Good Faith Determinations.” With near lighting speed, for the IRS, just two years later on September 14th, 2017, the IRS has released Rev. Proc. 2017-53. These new guidelines clarify the… CONTINUE READING >>


Anti-Money Laundering Compliance for Grantmakers: The Good, The Bad and The Regulatory

A recent announcement by the Financial Action Task Force (FATF) is giving the charitable sector a new reason to celebrate. For years, governments have cautioned potential donors that the entire charitable sector, made up primarily of Nonprofit Organizations (NPOs), is at a greater risk for being used to commit money laundering and other illegal activities. Such… CONTINUE READING >>


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Exemplary Education for the Underprivileged in India

Today, 33% of people in India live in urban areas compared to only 17% of people in 1960. Rapid urbanization in India results in increasing urban poverty and creates unique challenges across all of society. This is often most felt in terms of providing quality education, and UNESCO estimates a youth illiteracy rate of 14%… CONTINUE READING >>

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