Toxic Tax Policies
Philanthropy 2173
SEPTEMBER 8, 2020
Toxic tax policies - part three of the five part series
tax-policy 
Can Local News Heal a Divided Country? 22 Foundations Are Betting $500 Million It Can Help
The Chronicle of Philanthropy
SEPTEMBER 7, 2023
Press Forward aims to repopulate and diversify newsrooms and advocate for policies like making subscriptions tax deductible. By Alex Daniels Press Forward aims to repopulate and diversify newsrooms and advocate for policies like making subscriptions tax deductible.
Foundations 
137
137 Foundations 137
137 Join 5,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
What’s the State of Play in Child Tax Credit Negotiations?
NonProfit Quarterly
FEBRUARY 28, 2024
Public policy, however, can make a tremendous difference. During the COVID-19 pandemic, Congress temporarily implemented a child tax credit initiative that in 2021 cut child poverty nearly in half, lifting millions out of poverty, according to a US Census report. What is the Child Tax Credit?
Poverty 91
91 
Beyond Donations: A Guide For Effective Nonprofit Financial Management
Bloomerang
FEBRUARY 16, 2024
If your nonprofit is just starting out or doesn’t have solid financial policies in place, now is the time to start! Nonprofit financial policies An organization’s financial policies provide a framework for many of the essential aspects of managing funds.
Management 96
96 
The Black Radical Roots of Our Policy Vision
NonProfit Quarterly
APRIL 17, 2024
The following is a transcript of the video above, from our webinar “Remaking the Economy: A Policy Vision from the Movement for Black Lives.” We looked at the tax system and we found…that Black people are actually audited more by the IRS. Black folks are actually harmed by the tax system. View the full webinar here.
Governance 78
78 
Work Requirements Are Rooted in the History of Slavery
NonProfit Quarterly
FEBRUARY 29, 2024
But where did they come from, and why are they still a central part of economic policy today? This series— Ending Work Requirements — based on a report by the Maven Collaborative, the Center for Social Policy, and Ife Finch Floyd, will explore the truth behind work requirements.
Excessive Wealth Has Run Amok—This Must Stop
NonProfit Quarterly
FEBRUARY 21, 2024
The effects of excessive wealth can be seen throughout US society—in the high rents resulting from private equity acquisition of housing , in tax structures, and in billionaire domination of our political system. Public policy also helps buoy wealth accumulation. On top of that, there is the question of an effective tax rate.
Looking for Tax Money in All the Wrong Places: Structural Racism at the IRS
NonProfit Quarterly
APRIL 19, 2023
Image Credit: Doun Rain AKA Tomas Gaspar on unsplash.com Many of you likely just filed your taxes. That study, published by Stanford University, is authored by seven economists from Stanford, the University of Chicago, the University of Michigan, and the Office of Tax Analysis at the US Department of Treasury (“Stanford study”).
Taxation 103
103 
2023 Legislative Session: A Recap
MNA Association
JUNE 12, 2023
But the dust has settled on most issues – and below you will find a recap of how the session played out relative to MNA’s policy agenda. We are also celebrating the expansion of the now permanent charitable endowment tax credit. Perception 1: “The tax-exempt status of nonprofits is unfair.” This will come up again.
How to Start a Nonprofit: Complete 9-Step Guide for Success
The Kindful Blog
OCTOBER 6, 2023
Nonprofits are legally defined by the IRS as “Organizations organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational, or other specified purposes and that meet certain other requirements are tax-exempt under Internal Revenue Code Section 501(c)(3).”
Ending Child Poverty: Lessons from a One-Year Expansion of the Child Tax Credit
NonProfit Quarterly
JANUARY 18, 2023
In response to the COVID-19 pandemic, the United States engaged in an innovative policy experiment: for one year, the federal government expanded the existing child tax credit—making it available to families with little or no earnings, increasing the credit amount, and providing monthly payments instead of an annual payment at tax time.
Poverty 100
100 
ACTION ALERT - TAKE ACTION TO SUPPORT THE CHARITABLE ACT!
Momentum Nonprofit Partners
NOVEMBER 7, 2023
BACKGROUND Since 1917, the federal charitable tax deduction has provided a tax deduction for donations made to nonprofit organizations by taxpayers who itemize their tax returns. The 2017 Tax Cuts and Jobs Act made several changes that hurt the effectiveness of the charitable deduction. The bill ( H.R.3435
The Vision for Black Lives: An Economic Policy Agenda
NonProfit Quarterly
FEBRUARY 7, 2024
Image credit: cottonbro studio on pexels.com With this article, we begin a new NPQ series, The Vision for Black Lives: An Economic Policy Agenda. This has led the organization I work for, the Movement for Black Lives (M4BL), to develop an economic justice policy agenda that can advance our vision of thriving communities.
Governance 119
119 
How Black Entrepreneurs Forged a Community Path to Business Success
NonProfit Quarterly
FEBRUARY 15, 2024
This means that after they paid taxes for all of the amenities that White people were allowed to enjoy, Black business owners would have to essentially tax themselves again in order to cover the needs of their own communities. This second tax is sometimes referred to as the Black tax. Rochester, S.D. About (n.d.).
Insurance 118
118 
Legislative Update – March 22
MNA Association
MARCH 22, 2023
In Process SB506 – Endowment Tax Credit Today MNA testified in support of doubling the Montana Endowment Tax Credit and making it permanent. SB507 – Repeal Property Tax Exemption for UBIT Well – you did it! Thank you and thanks for partnering in the work. We’ll keep you posted. MNA will oppose.
Taxation 98
98 
Meet the New Global Tax Haven, the United States
NonProfit Quarterly
DECEMBER 14, 2022
A year ago, Charles Rettig, the Internal Revenue Service (IRS) Commissioner, compared the taxes that the US federal government should collect, at current tax rates, with what it does collect. Rettig’s estimate suggests that tax avoidance is rising rapidly. How does this tax evasion happen?
Law 126
126 
How to Restore the Care in Long-Term Nursing Care
NonProfit Quarterly
MAY 2, 2023
This article is, with publisher permission, adapted from a more extensive journal article, “ A Tax Credit Proposal for Profit Moderation and Social Mission Maximization in Long-Term Residential Care Businesses ” published last year by Nonprofit Policy Forum. Fortunately, existing policy tools can address this.
Nonprofit Accounting Basics: 5 Fundamentals to Know
Get Fully Funded
JANUARY 16, 2024
Fiscal Policies and Procedures Along with your budget, your fiscal policies and procedures provide guidance for how your team should handle your organization’s funds day to day. Jitasa’s nonprofit financial management guide recommends creating the following fiscal policies: Gift acceptance. Expense reimbursement.
How the Child Tax Credit Empowered Low-Income Parents
NonProfit Quarterly
JULY 24, 2023
The expanded 2021 child tax credit was as monumental as it was brief. At the same time, the studies refute long-standing arguments by conservatives—including opponents of the 2021 expanded tax credit—that such assistance deters families from seeking paid work.
Newsletter: Why Aren't You Targeting Startups for Partnerships? ; Seven Top B2B Social Trends for 2024 ; How to Do Partner Surveys Right ?
Selfish Giving
FEBRUARY 14, 2024
Fact: Companies donate LESS THAN ONE PERCENT of pre-tax earnings to causes. For example, I just read about a new pet insurance company that donates $25 every time a new customer signs up for a policy. There's more money to be raised from the customer and employee than from the company! Maybe this was the company's idea.
How to Eliminate the Myth of Meritocracy and Build the World We Deserve
NonProfit Quarterly
MARCH 13, 2024
Co-produced with the Movement for Black Lives (M4BL), this series examines the many ways that M4BL and its allies are seeking to address the economic policy challenges that lie at the intersection of the struggle for racial and economic justice. These racist stories then shape our policies for years and years.
Can Public Power Advance Economic Justice?
NonProfit Quarterly
JULY 12, 2023
A Turn to Industrial Policy In the past two years, President Joe Biden’s administration has persuaded Congress to approve investments totaling hundreds of billions of dollars for infrastructure and climate legislation , the latter misleadingly named the Inflation Reduction Act. But the power of industrial policy extends further.
Building an Economic Case for Policy Changes
Momentum Nonprofit Partners
MARCH 18, 2024
Why Economics is your friend as a nonprofit advocate By Kevin Dean, President & CEO Tennessee Nonprofit Network Last year, at a conference out of town, I shared coffee with an old friend as she recounted her incredible public policy journey. This is an example of how many of us in nonprofit public policy work have to get things done.
Navigating the 501(h) Election in Tennessee
Momentum Nonprofit Partners
FEBRUARY 15, 2024
A Guide for Tennessee Nonprofits For many Tennessee nonprofits, advocacy and influencing policy are crucial aspects of their mission. But navigating the complex world of tax-exempt regulations around lobbying can be daunting. Exceeding the limit can have significant tax consequences. Note the word excessive.)
The Economic Case against Work Requirements
NonProfit Quarterly
FEBRUARY 29, 2024
But where did they come from, and why are they still a central part of economic policy today? This series— Ending Work Requirements — based on a report by the Maven Collaborative, the Center for Social Policy, and Ife Finch Floyd, will explore the truth behind work requirements. billion per year.
Teachers Unions Take on Climate Change
NonProfit Quarterly
APRIL 5, 2023
Image Credit: lilartsy on unsplash.com This is the third article from A Green New Deal on the Ground , a series produced with Climate and Community Project, a progressive climate policy think tank developing cutting-edge research at the climate and inequality nexus. With each degree of warming, the urgency of enacting this vision grows.
The Risks of Carbon Capture
NonProfit Quarterly
OCTOBER 19, 2023
Basav Sen, director of the Climate Policy Project at the Institute for Policy Studies, says CCS projects are advocated by the business interests of the fossil fuel industry, which continues to make money off of gas. CCS is a money maker for the fossil fuel industry and approved by Congress under tax credit policies.
Environmental 104
104 
Nonprofit Statuses: 501(c)(3) vs 501(c)(4) and more!
The Charity CFO
JULY 10, 2023
Their tax status Qualified nonprofits typically receive significant tax benefits or breaks federally, and are often exempt from or have limited state taxes as well. There are critical differences in tax benefits , which are key to how an organization operates. What’s the Difference Between an NPO and an NFPO?
Social Housing: How a New Generation of Activists Are Reinventing Housing
NonProfit Quarterly
JUNE 6, 2023
But to make it more than just a slogan, you need policies and institutions to make that right into a reality. Not so long ago, social housing was rarely discussed in the United States. In the fallout of the pandemic, it looked for a moment as if US housing policy was about to fundamentally change.
Shifting the Harmful Narratives and Practices of Work Requirements
NonProfit Quarterly
FEBRUARY 29, 2024
But where did they come from, and why are they still a central part of economic policy today? This series— Ending Work Requirements — based on a report by the Maven Collaborative, the Center for Social Policy, and Ife Finch Floyd, will explore the truth behind work requirements. They’re effective.
The Social Contract: What’s Missing in the “Historic” Biden Legislation?
NonProfit Quarterly
NOVEMBER 29, 2022
Many of the policy struggles of the current period reflect this odd balance—a growing recognition that “business as usual” is unsustainable and a reluctance to confront the implications of this realization. The “inflation reduction” aspect of the bill, such as it is, concerns tax and revenue provisions. percent increase from the $4.9
How to Start a Nonprofit: 12 Essential Steps for Success
Bloomerang
JANUARY 22, 2024
In addition to charitable organizations, the IRS distinguishes many other types of tax-exempt organizations with the 501(c) designation. That’s because donations to these organizations are usually tax-deductible for the donor, making it easier to raise funds. What are the different types of nonprofits?
The Long Road to Health Equity
NonProfit Quarterly
APRIL 25, 2023
What policies are further perpetuating inequities? Policies Perpetuating Health Inequity Another feature of the current moment highlighted by several speakers was the use of policies and laws tools to hinder health equity efforts. In California, Iton explained, there are efforts underway to build power to shape state policy.
Health 92
92 
Legislative Update – February 21
MNA Association
FEBRUARY 21, 2023
Increase and Extend Termination Date of Montana Charitable Endowment Tax Credit LC2565 proposes to double the Montana Charitable Endowment Tax Credit and extend the termination date to 2030. Sign up for our weekly policy updates. MNA will monitor as the bill moves forward to ensure the language doesn’t change.
Law 52
52 
How to Fight Power by Building Power
NonProfit Quarterly
NOVEMBER 29, 2023
The network was founded in 2002 when four local labor-community alliance organizations in California—the Los Angeles Alliance for a New Economy, Working Partnerships USA in Silicon Valley, the East Bay Alliance for a Sustainable Economy in the Bay Area, and the Center on Policy Initiatives in San Diego—identified a need for strategic coordination.
Public Policy 130
130 
Can You Fundraise While Your 501(c)(3) Application Is Pending?
The Charity CFO
AUGUST 18, 2022
While most donors believe in your cause, the tax benefit is a significant motivator when raising money. But while your 501(c)(3) application is pending, your organization is not yet officially a tax-exempt entity. And if your application is denied for any reason, it could stick your trailblazing donors with a big tax bill.
Fundraising 98
98 
2023 Montana Legislature: Weeks Three & Four
MNA Association
JANUARY 31, 2023
She is leading our efforts to understand more fully the policy needs of our members. As we discussed the need for additional childcare for employees, Governor Gianforte reviewed with us his proposed Child Tax Credit. This would essentially be a payment in lieu of taxes. Sign up for our weekly policy updates.
Boston’s Fare-Free Bus Experiment
NonProfit Quarterly
MAY 24, 2023
Image Credit: Yassine Khalfalli on unsplash.com This is the sixth article from A Green New Deal on the Ground , a series produced with Climate and Community Project, a progressive climate policy think tank developing cutting-edge research at the climate and inequality nexus.
Three Federal Bills That Impact Nonprofits
Momentum Nonprofit Partners
AUGUST 20, 2023
Through advocacy, nonprofits have the opportunity to influence public policies that can support their mission and ultimately move the communities they serve forward. With the Volunteer Driver Tax Appreciation Act, nonprofits would be better able to recruit and retain volunteers. I have two opportunities of advocacy to share.
Deepfake nonprofits
Philanthropy 2173
MAY 9, 2023
Needless to say, whatever it is, it has not been filing any paperwork or tax documents that might explain who is involved and where the money is coming from. prizes or matching grants) or direct government involvement in supporting specific companies the way investors do. Just in time for the 2024 U.S.
Four Ways Nonprofit Leaders Can Approach Compliance Challenges
Momentum Nonprofit Partners
JULY 31, 2023
These special organizations face a number of challenges from a regulatory and tax standpoint, which can be burdensome without the right guidance and support. Triggers of this kind of audit include loans, interest subsidies, grants, and even insurance policies. Single audit requirements don’t apply beyond that high threshold.
Building a Green, Equitable Economy: A Conversation with Steve Dubb, Rithika Ramamurthy, Johanna Bozuwa, and Daniel Aldana Cohen
NonProfit Quarterly
AUGUST 16, 2023
Our research is oriented toward shifting the frontier in terms of big, visionary policy….It’s We then formed the Climate and Community Project, which has turned into a progressive climate policy think tank that does research and works with community groups and policymakers. We’re in this very complicated moment for climate policy.
How to Fix Your Nonprofit Accounting
The Charity CFO
MARCH 28, 2024
An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. Get Your Financial Policies and Procedures in Order Does your organization have written financial policies and procedures in place? However, effective accounting isn’t just about following rules.
Discussion Corner: Accounting Rules for Silent Auctions from Donated Articles?
Blue Avocado
NOVEMBER 29, 2021
The donor listed the donation and the value on this receipt, which they used for their tax purposes. But the center stopped this policy. Donors used to drop off an item and receive a receipt from the center. We now […]. The post Discussion Corner: Accounting Rules for Silent Auctions from Donated Articles?
Values 88
88 
Let's personalize your content