Tax Reform Proposals Could Cost Nonprofits

According to a new report commissioned by Independent Sector, the tax reforms being proposed by Republican lawmakers and the Trump administration could decrease charitable giving by up to $13.1 billion. The report, Tax Policy and Charitable Giving, estimates that current proposals to lower the top marginal tax rate and raise the standard deduction could reduce […]

Will Amber Heard’s $7 Million Donation End Up Hurting Her?

Celebrities Amber Heard and Johnny Depp recently settled their divorce, and Heard received a $7 million settlement. She subsequently donated all of that to charity—half to the American Civil Liberties Union and half to the Children’s Hospital of Los Angeles. She specified that the money for the ACLU should go toward preventing violence against women. […]