For many centuries the faith community has provided hospitality and housing to members and strangers, especially to the poor and elderly. The 20th century saw significant expansion by the organized faith community in providing various housing to those in need. In the 1980s, Victory Housing, the non-profit housing development arm of the Catholic Archdiocese of […]
The American Recovery and Reinvestment Act (ARRA) is the economic stimulus legislation projected to funnel approximately $787 billion in funding to save and create jobs, improve the economy, and invest in education and medical research. The funding is allocated towards tax relief, state and local relief, and education, energy, health, science and infrastructure development. This […]
There are many opportunities and tax advantages to potential donors from the extended Tax-Free Charitable IRA Rollover options. This option provides an avenue for IRA holders to avoid treating withdrawals as taxable income and instead transfer the gift directly to a qualified public charity.
The Department of Labor recently released Field Assistance Bulletin 2009-02 which provides much anticipated Form 5500 reporting guidance for ERISA covered 403(b) Plans. Effective with plan years beginning in 2009, 403(b) plans will no longer enjoy the limited Form 5500 filing exemption. They are required to file a complete form with related attachments just like […]
A survey conducted by Guidestar reflects an economic slip consistent with general economic declines. The major findings of the on-line survey which included usable responses from 2098 public charities and 181 public foundations were that 52% of the respondents had a decrease in contributions received. This was primarily attributable to a decrease in contributions received […]
All nonprofit organizations are not the same: just as their missions are different, so are their business needs. Aronson & Company’s Nonprofit and Association Industry Services Group has extensive experience with nonprofits large and small and we take the time to understand the unique financial goals of each individual organization we serve. With decades of […]