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Understanding Unrelated Business Income in Nonprofits

The Charity CFO

However, as detailed in Publication 598 of the Internal Revenue Service, income not directly related to their declared charitable purpose is subject to federal taxation. This is called the unrelated business income tax, or UBIT. So how do you know if your nonprofit organization has taxable unrelated business income?

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How Communities Around the World Are Connecting Social Isolation and Health

Stanford Social Innovation Review

It is a credible generalization that men’s lifelong role in paid work, traditionally and previously imagined as “the breadwinner,” gives them less exposure to the socialization and social skills implicit in traditional women’s roles like bearing and nurturing children and caring for relatives.

Health 138
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The Differences Between a 501(c)(3), 501(c)(4) and Other Tax Exemptions

NonProfit Hub

These include charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition and preventing cruelty to children or animals. While that’s quite the lengthy list, it’s not complete because the IRS breaks it down even more and defines what charitable means.

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Of Myths and Markets: Moving Beyond the Capitalist God That Failed Us

NonProfit Quarterly

Little Myths on the Prairie As Quart points out, the stories children read influence the values they enact as adults. Future neoliberal enthusiast Ronald Reagan honed his message in the 1950s as the host of General Electric Theater, one of those funded programs, nearly three decades before he would be elected president.

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Finally, the questions you should ask that have been proven to lead to gifts from wealth

iMarketSmart

Any children? Visual planned giving: An introduction to the law and taxation of charitable gift planning. Make questions part of another task Sometimes, we can be blunt. As an estate planning attorney, I ask blunt questions to clients. What real estate do you own? Who’s on the title? What’s it worth? Bank accounts?

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Meet the New Global Tax Haven, the United States

NonProfit Quarterly

Typical uses, they note, are for parents to establish funds for their children to access after they become adults or for a caregiver to establish a fund to ensure care continues for a loved one after their death. But trusts can also be used to retain wealth for multiple generations. It is available to both state residents and non-residents.

Law 138
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4 forces primarily responsible for making people charitable

iMarketSmart

Skepticism about the government’s involvement in people’s economic lives – Brooks wrote that politicians and a significant number of people take credit for being charitable without spending their own money because they, instead, support policies of income distribution through taxation and this affects their private giving.