Philanthropy Tax E-Letter

Not Just Any Major League Baseball It’s the one that Alex Rodriguez hit into Yankee Stadium’s right-field stands on June 19 marking his 3000th hit. The ball was caught by a fan, Zack Hample. When the ball left Rodriguez’s bat, its retail pr...

Warren Buffett, Berkshire Hathaway, and Conrad Teitell, Cummings What’s the difference in the cost of a buffet lunch for seven people and a Buffett lunch for seven? That extra “t” in Buffett is going to cost you. Zhu Ye, Chairman of...

At its annual banquet, a major charity calls out the name of each attendee who then stands and announces the amount he pledges to the annual campaign...

Your client wants to create a “silent trust” with a charity as the sole beneficiary. And he doesn’t want the charity to now know about his plans. He wants the assets to remain in the trust for a period of years before they begin...

Now is a good time to tell your clients how to substantiate their charitable gifts on their 2014 federal income tax returns — due by April 15, 2015...

A charitable gift is considered made on the “date of delivery.” Establishing that date is important. It determines: (1) the tax year in which the gift is deductible; (2) the value of the gift for assets that fluctuate in value ...

Volunteers who contribute their time certainly aren’t motivated by tax breaks. Many probably don’t even know they’re entitled to deduct the unreimbursed expenses they incur in helping charitable organizations...