Matching Gifts Double the Impact of Donors’ Contributions

A majority of large U.S. companies offer matching gift programs to boost the impact of their employees’ charitable gifts. Double the Donation estimates that $2 to $3 billion is donated through matching gift programs every year. At the same time, between $4 and $7 billion in matching gift funds goes unclaimed annually. Is your not-for-profit doing everything it can to claim […]

Beware: Coronavirus May Affect Financial Reporting

The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you also may be worried about how it will affect your business and its financial statements for 2019 and beyond. Close Up on Financial Reporting The duration and full effects of the COVID-19 outbreak are yet unknown, but […]

IRS Confirms Extended Tax Deadline to July 15

The IRS has issued a confirmation of U.S. Treasury Department Secretary Steven Mnuchin’s announcement last week that the 2019 income tax filing deadline is moved to July 15, 2020 from April 15, 2020, because of the coronavirus (COVID-19) outbreak. The new deadline is for all “affected taxpayers” (individuals, trusts, estates, partnerships, associations, companies or corporations). […]