Philanthropy

Team members donate time and resources in Michigan as part of the firm's annual Day of Impact. 

Grants to charities from donor-advised funds grew 28% last year, according to a new report, as DAFs also come under scrutiny for helping the wealthy shield their money from taxes.

The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows.

The Internal Revenue Service's streamlined application process for tax-exempt status could be allowing corrupt charities to claim exemptions before the IRS has enough information.

The Georgia Society of CPAs and Feeding Georgia's ninth annual Georgia Accounting Food Fight raised $372,907 this year, which represents over 1.4 million meals

The New Jersey Society of CPAs has launched its thirteenth annual food drive to benefit the Community FoodBank of New Jersey

Private foundations are using donor-advised funds to sidestep federal laws designed to make sure the wealthy donate money to the needy in a timely fashion, not defer the gifts for generations.

The accounting firm is aiding the United Way of the Capital Region through a miniature golf tournament.

DAFs have been receiving more than half their contributions from complex assets such as shares of public and private companies, real estate and cryptocurrency in the past five years.

All Bonadio Group offices were closed on Friday, as the CPA firm celebrated its fifth annual Purpose Day.

The Internal Revenue Service is coming under fire in Congress again, this time for lax oversight of fraudulent charities that applied for tax-exempt status and received approval.

Funding for nonprofit organizations has remained flat or declined this past year, according to a new survey, as they face pressure from inflation and continuing fallout from the pandemic.

Here’s how Lurie LLP helped Minneapolis recover from destruction after the George Floyd murder in 2020.

The New Jersey Society of CPAs is warning residents to beware of potential fraud from scammers asking for donations to bogus nonprofits raising money for Ukraine relief.

Alumni John and Carol Almeter’s donation will support two funds to help offset accounting students' tuition and invest in future educational technology and resources.

Under IRS rules, donors can both deduct the value of the gift and avoid any capital-gains tax on the investment.

Nonprofit organizations grew their operating reserves over the last year and experienced other positive changes, according to a new survey.

The Internal Revenue Service will now provide publicly available information on tax-exempt organizations only through its TEOS search engine starting Dec. 31, 2021, and no longer through Amazon Web Services.

Five tips can help charities carry out effective fundraising programs.

The New Jersey Society of CPAs collected $38,057 and nearly 2,700 pounds of food to benefit the Community FoodBank of New Jersey.