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A dollar by dollar look at how our taxes enrich military contractors — at the expense of things that actually make us secure. By Lindsay Koshgarian Ever wonder…
Progressive campaign Donor Revolt pushes for legislation to make private foundations and donor-advised funds pay out more money, more quickly.
Some Millennials and Gen Zers are looking more towards remaking business and society than writing checks to museums and alma maters.
Silent Donor is flourishing just as the privacy debate for contributors heats up, especially for those using donor-advised funds to anonymously give to their favorite, and sometimes controversial, causes while also getting a tax break. In November, the IRS proposed new regulations to govern donor-advised funds, including changing what services can be considered tax-exempt and imposing a 20% excise tax on donations that provide a significant to the donor. Public comment on the new regulations will end on Feb. 15.
Tim Sanders started his company, Silent Donor, based on his own experience giving money to charities. “I was happy to give a financial gift to a nonprofit, but then afterwards I was kind of put off with the amount of mail that was sent to my house,” he said. Silent Donor -- which allows people to give anonymously by routing donations through The AnonDo Fund, a donor-advised fund approved as a nonprofit by the Internal Revenue Service in 2022 – has grown quickly.