If you are like me, I am trying to figure out how best to support charitable causes important to me while taking advantage of the relevant tax deductions.
The 2017 Tax Cuts and Jobs Act makes that difficult. The legislation nearly doubled the itemized deduction threshold for taxpayers, which means that for many, taking deductions for gifts to nonprofit organizations is no longer possible.
Of course, administrators of nonprofits worry that the new higher thresholds for taking deductions will discourage philanthropy.
Two Native American tribes in Southern California have made major philanthropic gifts to entities in San Bernardino and Riverside Counties.
The Pechanga Tribal Council has given the city of Lake Elsinore a grant of up to $100,000 to help handle crowds drawn to the area's super bloom of wildflowers.
We hope that you like this weekly update of selected events happening in Los Angeles of interest to social entrepreneurs.
We hope that you like this new weekly update of selected news events related to social entrepreneurism in Southern California.
Three months ago, my team at TOMS embarked on a journey to help reduce gun violence. We’ve committed $5 million dollars to organizations that support the communities affected by gun violence, and used our website as a tool for the public to urge their Representatives to pass universal background checks, something 90% of Americans agree on.