It’s day three of the 12 Days of Charitable Giving! Today we feature Children of Fallen Patriots, which provides college scholarships and educational counseling to military children who have lost a parent in the line of duty.
Rapper The Game has pledged to give away $1,000,000. And it’s not going to big name charities but to small time folks. What are the consequences of these kinds of gifts?
Let’s talk celebrity crushes. When I was a kid, I had a few, some of them a bit less humiliating than others. On the list? Greg Evigan (I was a huge BJ & The Bear fan), Scott Baio, Erik Estrada, Jon Bon Jovi, John Stamos, and Jon Cryer (apparently I had a thing for Johns)….
One out of every 45 children – some 1.6 million – in the United States is homeless, according to a report released by the National Center on Family Homelessness. The majority of the children are under age 7, about the same age as my youngest children. Even more grim: almost 40% of the homeless population…
As I reminded you over the weekend, the deadline for filing federal information returns (the 990 series) for most charitable organizations is tomorrow, May 15. So this morning, bright and early, I headed over the site and got an error. And again. And again. The system is down… Of course, it is. The site is…
For years, most small tax-exempt organizations were exempt from filing requirements with IRS. This all changed a few years back when The Pension Protection Act of 2006 made it mandatory for tax-exempt organizations to file an annual information return or notice with the IRS regardless of how much (or little) income the organization receives. The…
It’s the fourth day of my annual 12 Days of Charitable Giving. Each of the 12 charities that I’ll be featuring in the series was suggested by a reader as a charity that could use a boost this holiday season. I’ll be posting one a day for – well, 12 days (I’m clever that way)….
The IRS has been ramping up its campaign advising that charitable organizations of all sizes are now required to file annual information returns. The annual gross receipts of the charitable organization determines the kind of return to be filed. This has become a confusing issue for many smaller charities which have inconsistent receipts – some…
Smaller charities, meaning those that have annual gross receipts of less than $25,000, may be at risk this year of losing their tax-exempt status. Under a 2006 law, those charities were required to file a form 990-N (sometimes called an e-postcard) with IRS each year. Failing to file for three years in a row results…
It has been a grim year for most charitable organizations over the past two years. Giving has been down markedly, with gifts in 2008 representing the largest dip in charitable giving (-5.7%) in more than five decades. That’s why the total amount of donations made to various relief agencies in Haiti is fairly mind-boggling. According…