Insights
In recent research, it is estimated that one hour of volunteer time is worth $34.79 and could be more valuable depending on the location and when provided by certain professionals.
Tax Tip: Donors should consider leaving an asset to a single charity, such as a private foundation, to determine its ultimate disposition.
Under the new USPS rules, the postmark may not accurately reflect the date the documents were mailed. Exercise caution for the rest of the tax filing season and wrap up 2025 by steering clear of postal penalties and future headaches.
Congratulations to our staff who are celebrating work anniversaries in quarter one! Your unwavering dedication and commitment are invaluable.
Nonprofit organizations that have an endowment must adhere to certain regulations, including when it comes to spending from investment income. For this reason, many nonprofits opt to have a financial professional manage their endowment investments.
Every year, the IRS releases its "Dirty Dozen" list of common scams and schemes that taxpayers should be aware of. As we enter the peak of tax season, make sure you stay alert and aware.
Sometimes donors put restrictions on their donated funds, and in other instances, nonprofit boards place limits on certain assets. Board-designated net assets can prove critical to the survival of programs, projects, or an organization itself.
Welcome to the team Anthony, Laurel, Ashlie, and Robert, MBK is excited to have you here!
Individuals who would like to benefit their favorite charities while creating an income stream for themselves or a loved one may want to consider incorporating a charitable remainder trust (CRT) into their estate plans. A CRT is an irrevocable trust to which you contribute stock or other assets.
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