The Biden administration’s proposal to increase the minimum tax rate for the very wealthy to 20% could spur more charitable giving, philanthropy experts say, as the rich seek ways to avoid paying taxes on stocks ...
AARP Foundation attorneys will act as co-counsel in a class-action lawsuit alleging the African Methodist Episcopal (AME) Church mishandled nearly $90 million in retirement funds, the organization said.
The Taxpayer First Act, which passed in 2019, has provisions that clarify and give transparency to a number of Internal Revenue Service (IRS) operations, including some that impact nonprofits.
IRS offered clarification of a few terms that might be of help to nonprofit financial managers when dealing with the regulator and trying to speak the same language that its employees do.
Fundraisers are the most optimistic about giving and prospects for the future than they have been since the COVID-19 pandemic began in early 2020.
One of the nation’s largest Black Protestant denominations has stopped making payments to retired ministers on its pension plan, according to a report from The Wall Street Journal.
Nathan Peachey asked donors to support a variety of ministries—The Joseph Project, Jericho Outreach, Jericho Outreach-Norway, Christian Charity Foundation—promising some people that their money would not only support religious and humanitarian work but also deliver ...
Investment returns for college and university endowments of all sizes soared in 2021 as managers expect to face stronger headwinds of higher inflation going forward.
A Nebraska insurance agent and pastor was sentenced to 15 weekends in jail and five years’ probation for mail fraud for making false claims against insurance policies he had issued to himself.