But what if that generosity is also a clever financial strategy? The truth is, many wealthy individuals have mastered the art ...

A donor-advised fund (DAF) gives high-net-worth individuals (and others) immediate tax benefits and flexibility in charitable giving. But before you commit, it’s important to understand how the ...

Qualified charitable distributions have surged in popularity thanks to a shift away from itemized deductions, but experts say ...

OpenAI’s unusual equity structure makes it difficult for employees to donate a portion of their holdings to charity.

The new tax bill would impact foundations and nonprofits — and charity advocates are scrambling to limit the damage.

Under Section 80G of the Income Tax Act, donations made to specified charitable institutions and organisations are eligible for tax deductions. These deductions can be claimed while filing your Income ...

Americans with bigger incomes get larger income tax deductions on every dollar they donate to charity. If the famous and fabulous people who glided up the Met’s blue-carpeted steps at the ...

Trusts and estates may benefit from the “unlimited” charitable income tax deduction under Sec. 642(c), which may be especially attractive to a philanthropic grantor seeking to completely eliminate ...

The bill, sponsored by Likud MK Ariel Kallner, would allow the government to tax foreign government donations to domestic nonprofits at a rate of 80 percent, while also stipulating that courts ...

has upheld the disallowance of a tax deduction claimed by an individual, Parag Dave, for a donation made to Shri Arvindo Institute of Applied Scientific Research Trust. The tribunal ruled that the ...

Step 1: Set up a 501(c)(3) charity. Create a 501(c)(3) nonprofit, which means it’s approved by the IRS to receive tax-deductible donations. You can start a nonprofit that focuses on: Starting a ...