News & Articles
Cross-Posted From The Nonprofit Job Seeker
The New York attorney general wants nonprofits that fundraised for Superstorm Sandy relief to provide documentation as to what they did the with cash. Some 88 charities had responded as of Dec. 31, and the information was posted on the Bureau’s website. The organizations raised a collective $400 million.
Telling someone you are going to take them for a day at the fair will generally elicit joy. If you then mention that it’s a career fair, the reaction might be more muted.
A Dorcester, Mass., nonprofit faces civil penalties if it does not file a series of overdue annual reports in the next few weeks with state regulators.
Modern philanthropy is about results, not just money. Consider the partnership between Goldman Sachs, Bloomberg Philanthropies and the nonprofit MDRC. Goldman Sachs will invest $9.6 million in MDRC to create a program to reduce recidivism by at least 10 percent in adolescents released from New York City’s Rikers Island jail.
We have yet another featured nonprofit job to help kick off the New Year. If you are still looking for a nonprofit job to help fulfill your New Year’s Resolution, this new position from our career center should be of interest to you. Read on for more details.
Politicians and the members of the media have been talking about the “fiscal cliff” — the combination of expiring tax cuts and automatic spending cuts — for so long, it almost seemed anti-climatic when the country tumbled off it yesterday.Although the Senate had successfully passed — 89-8 — a bill that would have averted the cliff, the Republican-controlled House of Representatives declined to take up the bill, opting to consider it on New Year’s Day instead. The bill was passed that evening, which closed the door on tax rates and delayed the spending cuts for another two months.President Barack Obama campaigned on raising taxes on those making $250,000 or more and, though he wasn’t able to get Congress to pass a bill with that threshold, taxes were raised on the wealthiest Americans (specifically, individuals earning $400,000 and couples earning $450,000). That is the main headline from the bill, but it also will have an effect on the nonprofit sector.In an article on The NonProfit Times website, it was revealed that the legislation will cap deductions for wealthy itemizers. It also reduces the amount of itemized deductions by a fixed percentage for each dollar of income (AGI) above a specified amount (up to 80 percent of the total). In this case, it would be 3 percent above the threshold.Does this mean the charitable deduction has been affected? Not yet, said Joseph Rosenberg, a research associate at the Urban–Brookings Tax Policy Center in Washington, D.C. He told The NonProfit Times that since the cap is based on income, “it essentially operates as an income tax surtax, not a cap on itemized deductions (i.e., deductions retain the full marginal tax value for most taxpayers).”That doesn’t mean nonprofits are out of the woods yet. In a statement shortly after the bill was passed, President Obama expressed his desire to pursue further deficit reduction through a combination of spending cuts and increased revenue from tax reform, which could potentially place a cap on charitable deductions. The spending cuts could also impact organizations, depending on what government programs are targeted.Stay tuned to the NPT website for more details on the fiscal cliff deal as they emerge.
Do you want a nonprofit job? One of the best ways to impress hiring managers is to have volunteer experience on your resume. This shows that you have passion for nonprofit causes, which is something organizations look for in potential employees.
Updated 4:30 p.m.
The United States will technically go off the fiscal cliff, triggering automatic tax increases, spending cuts and monetary policy that will impact almost every facet of American finance.