Thursday, July 22, 2004
Wednesday, July 21, 2004
deathandtaxes.com Insurance Analysis: "Senate Finance Committee - Charity Oversight & Reform: Keeping Bad Things From Happening to Good Charities"
Tuesday, July 20, 2004
FT.com / World / UK: "Philanthropy in the UK at one point was sneered at, it was the government which should be doing everything. But philanthropy is becoming more and more important here,' she said."
Monday, July 19, 2004
HoustonChronicle.com - Will: Congress may muck up revenue stream for nonprofits
Charitable institutions nationwide raise millions of dollars by having donated vehicles auctioned. In 2000, 733,000 taxpayers reduced their liability by about $654 million. Congress is dismayed, too much so, at the disparity between the valuation placed on a car by a donator (say, $5,000 — the threshold above which an independent appraisal already is required) and the amount a charity may reap from auctioning it (say, $500).
Charitable institutions nationwide raise millions of dollars by having donated vehicles auctioned. In 2000, 733,000 taxpayers reduced their liability by about $654 million. Congress is dismayed, too much so, at the disparity between the valuation placed on a car by a donator (say, $5,000 — the threshold above which an independent appraisal already is required) and the amount a charity may reap from auctioning it (say, $500).
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