Philanthropy

Democrats on the House Ways and Means Oversight Subcommittee want the agency to reverse the automated revocation of status for tens of thousands of nonprofits.

It may seem counterintuitive, but paying appreciably more taxes in 2020 could save families a lot of money down the road.

Depending on the economy and the election, they could be on the chopping block as soon as 2021.

Blumshapiro Foundation donates $24K to support New England food banks; and the Georgia Society 7th annual Georgia Accounting Food Fight goes virtual to end hunger.

Dozens of millionaires from the U.S. and six other countries have a message for their governments: “Tax us. Tax us. Tax us.”

The Senate and House passed bipartisan legislation to help nonprofits remain financially viable during the COVID-19 pandemic.

Nonprofits, lawmakers and others want to see more giving from fund donor-advised funds, which have grown popular recently because they’re so flexible.

The charitable partner of the Illinois CPA Society is providing 16 laptops to local accounting students who are in need of technology at home following school closures.

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

The coronavirus has made it necessary for white collar professionals to work remotely and for all to practice social distancing. Being away from the office doesn’t cancel paying it forward. Here are a few things CPAs can do.

PwC's U.S. leader discusses how his firm and the heads of other large organizations can do more to support their employees and the communities around them.

Prager Metis teams up with the Alzheimer's Association, and Centage Corporation expands its giving program.

Prager Metis CPAs wants more accounting firms to join the annual Walk to End Alzheimer’s.

The Financial Accounting Standards Board proposed an accounting standards update Monday to enhance the transparency of how not-for-profit organizations present and disclose contributed non-financial assets.

Here’s a look at the most significant decade for the fastest-growing giving vehicle.

To help individuals and businesses prepare for filing season, Grant Thornton has released a collection of year-end tax tips.

Here are some of the most commonly used vehicles for tax-advantaged giving your clients can deploy all year round.

The number of donor-advised fund accounts has tripled in the past four years and grown approximately 150 percent since the passage of the Tax Cuts and Jobs Act at the end of 2017, according to a new report.

Approximately 50 percent of taxpayers made at least one change in their charitable giving strategy in response to the Tax Cuts and Jobs Act, according to a new survey.

The Top 20 Firm's 2019 Community IMPACT Awards single out staff members and offices for their volunteer hours.