Donor-advised funds and private foundations offer two ways to financially support causes while gaining valuable tax deductions. Each permits donations of non-cash donations that may include securities ...

Both have 501(c)(3) status, but they operate differently Reviewed by Lea D. Uradu Fact checked by Vikki Velasquez The Internal Revenue Service (IRS) allows for the creation of tax-exempt charitable ...

Most people are familiar with the charitable activities of private foundations bearing names of the giants of U.S. business—the Rockefeller, MacArthur and Bill and Melinda Gates Foundations, to name ...

IRS Private Letter Ruling 202550004 addresses tax implications when charitable trust distributes all assets to private ...

Scores of private charitable foundations, set up by some of the nation's wealthiest people, received money from the federal government's Paycheck Protection Program, which was created last spring to ...

The government is adding a new deduction for non-itemizers. Starting in 2026, they will be able to deduct up to US$1,000 of ...

A hypothetical state law for-profit company, which may be a bank, credit union, insurance company, healthcare organization, or other entity (“Company”) intends to establish a charitable organization ( ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. In the ever-changing landscape of philanthropy, the limitations of ...

the financial information of 188 grant makers. Of those, 134 foundations responded to a Chronicle questionnaire. The newspaper obtained data on the other foundations from their informational tax ...

Traditionally, charitable giving has been defended by conservatives, who admired its ability to effectively solve problems ...