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By Amy Coates Madsen and Henry Bogdan The “Coronavirus Aid, Relief and Economic Security” (or “CARES”) Act established what is called an “above the line” charitable deduction of $300 to stimulate charitable giving in response to the pandemic.[1] Reductions to income taken “above the line” benefit taxpayers using the standard deduction. The 2017 tax bill […]
With so many nonprofits cancelling, postponing, or moving their big annual celebrations, galas, graduations, and fundraisers, not only are nonprofits seeking new opportunities for revenue generation, they may have also missed out on their annual volunteer appreciation celebrations. Did your organization take your regular volunteer appreciation event or celebration off the schedule for this year? […]
