The IRA Charitable Rollover expired January 1, 2012. This provision allowed donors age 70½ to exclude from their taxable income any IRA funds up to $100,000 that had been withdrawn and transferred to a charity when filing a tax return.
A nonprofit accrues a lot of important documentation including financial records, key governing procedures, and legal audits. Disposal of these documents properly reinforces the organization’s commitment and dedication to accountability and effective governance.
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As an informed and invested donor or nonprofit professional, you can work with us to strengthen the way we support the nonprofit sector. Participate in our annual rolling review of the Accountability Standards.
Join us for our Annual Forum on June 11, featuring keynote speaker Peter Sims!