A recent tax proposal by Gov. Paul LePage of Maine would overhaul the tax-exempt laws in the state, requiring nonprofits to pay property tax on valuations greater than $500,000. As might be expected, the plan is drawing sharp criticism from the state’s nonprofits.
Donors committed plenty of time and money to charities last year, setting a new record for grants while also volunteering with their favorite charities according to a new report from Fidelity Charitable.
Billionaire Warren Buffett’s gift to the Bill & Melinda Gates Foundation tops the list of the 10 largest philanthropic donations of 2014, according to a list compiled by Wealth-X, a firm that studies the activities of ultra high net worth (UHNW) individuals.
Foundations made 884 grants totaling $111 million for disaster relief during 2012, according to the Center for Disaster Philanthropy’s newly-released Measuring the State of Disaster Philanthropy Report.