Here’s our list of the 99 wealthiest nonprofits based on the book value of total assets they report to the IRS (United States Internal Revenue Service). You’ll see some familiar foundation, health system and university names (Kaiser, Stanford, Yale, Gates, Harvard, Fidelity Charitable, etc.), Thrivent Financial for Lutherans tops the list. Continue reading
Diary
Sister Mary Perfecta’s Big Day
Sister Mary Perfecta teaches 4th grade at Our Lady of Intermittent Sorrows. It’s time to fix the direction of education at OLIS. I created this video for my Improvisational Acting course at Portland State University. Continue reading
IRS warns of scammers using fake charities to exploit taxpayers
Fake charities a year-round plagueWhether tying themselves to a prominent cause or preying on compassion related to a natural disaster, fake charities are a year-round plague. And fake charities do double damage — they steal from you and they steal from those you want...
Mileage rates for 2023
The Internal Revenue Service has issued the 2023 optional standard mileage rates. They're used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.Beginning on Jan. 1, 2023, the standard mileage rates for...
Protect your year-end donation deductions – 2022 – a Q&A
Question #1: You use your credit card to donate to a qualified charity on December 31 this year. You don't pay the credit card bill until January next year. For which year do you get to take the charitable contribution deduction on your federal (IRS) income taxes? Of...
Tax-free IRA donations are Smart!
Give and Grin. If you are age 70½ (70.5) or older you can donate from your IRA directly to the qualified organization (see below) of your choice -- tax-free! This special IRA donation rule allows you to give up to $100,000 in a calendar year. We call this the "Grin...
