IRS Announces One-Time Filing Relief for Small Exempt Orgs
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...]
For Community Foundations: Roth IRA Conversion
Up until 2010, only taxpayers with income below $100,000 were allowed to convert their traditional individual retirement accounts (IRAs) into Roth IRAs—an option that permits tax-free withdrawals during retirement. In 2010, Roth IRA conversion is available to all taxpayers, regardless of income level. With help from their tax advisors, many high-income individuals will be considering this option for the first time. Council member community foundations can access new tools to help engage donors and professional advisors in making charitable gifts to coincide with a Roth IRA conversion. [more...]
Tom Tierney's Keynote: Prime Time for Philanthropy
2010 Connecticut Philanthropy Summit Recap
Read the key points of Tom Tierney's key note address; view photos of colleagues and friends who attended the Summit and access other resources related to this annual event celebrating philanthropy in Connecticut. You can also access the link to the Bridgespan page specially organized for Connecticut Council for Philanthropy members. [more...]
The Gulf Coast Oil Spill: Philanthropic Response
In the wake of the Gulf Coast oil spill on April 20, 2010, the Council is gathering disaster response resources and information for individual donors and grantmakers. Resources include links to the EPA, NOAA, Deepwater Horizons, an oil spill crisis map, and nonprofits devoted to protecting the Gulf Coast. [more...]
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