Passing the Smell Test
What makes a nonprofit a nonprofit? There are so many ways that people answer this question, most of which are incorrect. There is, however, little argument that for many, it is the IRS 501(c)(3)designation is the determinant. Technically speaking, I’d agree: IRS approval is essential in announcing yourself as a nonprofit. But does that really make a nonprofit a nonprofit? I’d have to say no. All it means is that you have passed the paper review by the IRS. Theoretically, in Read more
January 16th, 2009 0 Comment Paying for Pampered Poodles
Is it true that our tax laws that allow individuals to donate tax free, as much of their assets as they wish to charitable causes is really another gift to the rich paid for on the backs of the rest of us? Ray Madoff, Boston College Law School Professor, would have us so believe. And her point is one that should give us all pause. Noting Leona Helmsley’s bequest of $8 million for the care of dogs, she questions the acts of other similarly wealthy individuals, Read more
July 18th, 2008 0 Comment 