Automated giving programs are on the rise as a convenient way to boost monthly charitable nonprofit revenues. Sometimes called recurring givers, donors who choose this method can give the same amount at regular intervals, usually through credit card transfers or automated account deductions. Here are some strategies to create or increase monthly automated giving programs. But first, consider the additional work required: Educate your team and ... more
Charitable Giving
Tax Planning: Are Bundled Gifts One Answer for Donors?
According to a recent article in Forbes by sponsored content provider, Forbes Nonprofit Council, financial advisors are having their clients consider bundled gifts to their favorite charities or donor-advised funds every few years rather than annually. The idea is that a more substantial amount given every three to five years will cause their itemized deduction amount to rise above the new higher standard deduction level established with the Tax ... more
Fewer Charitable Giving Deductions, or More, in 2018?
By doubling the standard deduction for the 2018 tax year and going forward, the law known as the Tax Cuts and Jobs Act of 2017 may potentially reduce the number of U.S. taxpayers itemizing deductions by 25%. That means no specific deduction for charitable giving except among about 5% of the U.S. population. Nonprofits worry that the changes to how many Americans file their taxes could also reduce charitable giving. Since individuals will no ... more