The holidays have come and gone and so has the strong focus on charitable giving. In fact, according to the National Center for Charitable Statistics, more than half of all nonprofit organizations say that they receive the majority of their annual donations in the fourth quarter of the year. But we all know that the need for donations doesn’t go away just because the season … [Read more...]
New Tax Bill Allows RMD as Gifts to Charity
Guest post by Lena Rizkallah (learn more about Lena at the end of this post) As you make your final charitable donations during the last two weeks of 2010, keep in mind that the new tax bill recently passed in Congress extends a provision that allows certain IRA holders to contribute their Required Minimum Distributions (RMDs) to charity. For those people who don’t need their … [Read more...]
The Season for Giving
Post by Jane K. Stimmler, contributing Women on Business writer The holiday season is a time of giving to friends and family. And, with the year's end in sight, it's also the time for getting a tax deduction for charitable giving. With more and more women in the workforce and therefore, presumably, in control of a significant amount of money, I got to wondering how … [Read more...]