Philanthropy

Organizations and firms are donating N95 masks, providing resources at no cost and taking steps to protect employees and practices nationwide from the spreading pandemic.

Cash-strapped taxpayers may consider waiting until the new deadline to pay or to request a payment plan to buy more time to settle their tax bill.

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

Advisors may find it difficult to connect with the people who need financial help the most.

While it’s debatable whether private donations should matter to an investor, transparency rules could become an issue as global warming accelerates.

The Secure Act was designed to expand retirement savers’ options but it has subsequently all-but-eliminated the stretch IRA for beneficiaries. It's on advisors to make clients aware of the major change.

To help individuals and businesses prepare for filing season, Grant Thornton has released a collection of year-end tax tips.

In 90% of families, wealth disappears by the end of the third generation.

One option is to sell funds with lower or no estimated distributions, especially if possible savings will exceed trading costs.

Economic factors like changes to the tax code are behind nearly a quarter of all recent giving, according to a new survey.

More than $37 billion flowed into tax-sheltered donor-advised funds in 2018, according to a new report.

With careful planning, they can be among the 72% of U.S. students to get need-based assistance.

Among the honors this year by NICSA are awards for operational excellence, and advances in product development and technology.

Taxpayers face a 5% penalty if they fail to meet the deadline.

Overall donations to charity organizations fell by 1.7%, while total individual giving decreased by 1.1%, the first drop since 2013.

A higher standard deduction makes itemizing deductions less valuable.

The tax law has made deducting philanthropic contributions more difficult, but there are ways to help clients reap benefits from their generosity.

Changes have left some clients surprised by tax bills or tiny refunds. How to explain what happened and prep them for next year.

Clients can avoid tax liability on their capital gains by donating securities that have appreciated in value, an expert says.