Connecticut grantmakers distributed more than $902.7 million in 2008, a 22% increase from 2006, according to 2010 Connecticut Grantmaking Highlights published by the Connecticut Council for Philanthropy. “The start of the economic downturn in late 2008 had a significant impact on foundation activity that will be felt for years to come,” reports Nancy Roberts, Council president. “Foundations’ assets fell 1% from 2006 totals and yet, because charitable distribution for foundations is often based on a 3- to 5-year past average, grantmaking did not decrease, but experienced a sizeable increase.” [more...]
Did you make a donation to a charity this year? If so, you may be able to take a deduction for it on your 2010 tax return. Here are the top 10 things the IRS wants every taxpayer to know before deducting charitable donations. [more...]
In the last week of July 2010, torrential rains caused devastating floods in large parts of Pakistan. The unprecedented flooding has to date claimed more than 1500 lives across the country, and has disrupted the lives of nearly 3.2 million people, according to official figures. The number is expected to grow significantly as flood waters pass through Southern parts of the country and as information from remote areas become more available. [more...]
The landscape of philanthropy has changed dramatically in the past 10 years. In this audio interview, Katherine Fulton, president of the Monitor Institute, talks about this new era of giving and its potential for making a significant dent in our major social problems over the next decade. She discusses concepts such as venture philanthropy, social entrepreneurship, and social capital, and also considers new roles for government, for-profits, and the civic sector in this movement. [more...]
The IRS is providing one-time relief to allow small tax-exempt organizations to come back into compliance and retain their tax-exempt status even though they failed to file for three consecutive years. [more...]
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