In September the Internal Revenue Service proposed a controversial amendment to the federal tax code that would require nonprofits to track donor social security numbers for any gift exceeding $250...
The world’s ultra wealthy gave more than $112 billion to philanthropic endeavors in 2014, with the typical donor giving $28.7 million in his or her lifetime, according the 2015 philanthropic report from Wealth-X and Arton Capital. U.S. ultra...
A charitable gift is considered made on the “date of delivery.” Knowing 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 ...
