Philanthropy

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.

Donor-advised funds increased their donations to charities last year in response to the COVID-19 pandemic, hitting the biggest levels in over a decade.

H&R Block adds employee benefits; REDW tax manager earns community service award; and more.

Deloitte also announced the creation of a $250,000 tuition scholarship program at HBCU Grambling State University.

The Top 100 Firm highlighted nonprofits across Arizona, Colorado, Minnesota, Nevada and North Dakota for their creativity and “sustainable revenue ideas.”

Rehmann associate Maher Faik also raises $40,000 for Friends of Foster Kids through participation in the 100 Businesses Who Care pitch event.

The Top 20 Firm's donation will fund multiyear research examining the effects of housing discrimination on cancer cases.

A new report raises questions about how much money is being shuttled between DAFs, rather than distributed to charity.

During 2021, the Alzheimer’s Association Accounting Industry Leadership Council more than doubled in size from eight members to 18.

For the first time, multiple CPAs under the age of 41 were honored for their contributions to the future of the accounting profession.

Chicago CPA Jeff Badu launches his own nonprofit to serve local youth, and the Indiana Society of CPAs holds its 2021 Spring CPA week.