Aspire. Ascend. Achieve
06 Nov

A Fresh Look at Donor-Advised Funds: What Every Nonprofit Should Know

Nonprofits and Donor-Advised Funds | Spire Group, PC Donor-advised funds (DAFs) are growing in popularity, so it’s important that nonprofit leaders familiarize themselves with how to use DAFs as a funding source. A recent report from the National Philanthropic Trust (NPT) estimates that nonprofit contributions from DAFs increased nearly 10 percent between 2015 and 2016. […]

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20 Sep

IRS Responds to States’ Workarounds on New SALT Deduction Limitations

IRS Responds to States’ Efforts to Counter SALT Deduction Limitations | Spire Group, PC Can states issue tax credits through taxpayers’ charitable contributions to offset new state and local tax (SALT) limitations under tax reform? Several states have been creative in finding ways to work around the new limitation. Specifically, the question is whether the […]

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23 Aug

5 Things Nonprofits Should Understand About the Effect of Tax Reform on Charitable Giving

Effect of Tax Reform on Charitable Giving | Spire Group, PC The Tax Cuts and Jobs Act (TCJA) enacted in late 2017 significantly changed the federal tax code. While the changes will affect individuals and businesses of all types, the nonprofit sector needs to carefully monitor how the new law impacts their finances and operations. […]

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