Take Advantage of Corporate Matching Programs
For nonprofit organizations, matching gifts represent a powerful opportunity to boost fundraising and hit ambitious goals. Here’s how to make the most of it.
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IRS Issues Procedural Guidance on OBBBA Treatment of R&E Expenditures
The OBBBA creates new Code Section 174A, which allows taxpayers to fully deduct domestic research costs in the year paid or incurred (the 174A deduction method), effective for tax years beginning after December 31, 2024. Taxpayers also have the option of electing to capitalize domestic research costs and amortize the amounts beginning with the month in which the taxpayer first realizes benefits from the expenses, with a 60-month minimum (the 174A amortization method).
Read MoreIRS Issues Procedural Guidance on OBBBA Treatment of R&E Expenditures
The OBBBA creates new Code Section 174A, which allows taxpayers to fully deduct domestic research costs in the year paid or incurred (the 174A deduction method), effective for tax years beginning after December 31, 2024. Taxpayers also have the option of electing to capitalize domestic research costs and amortize the amounts beginning with the month in which the taxpayer first realizes benefits from the expenses, with a 60-month minimum (the 174A amortization method).
Read MoreIRS Documentation Rules for Charitable Giving
Charitable donations can provide tax benefits, but only if they meet strict IRS substantiation requirements. Cash and noncash gifts require specific documentation, and higher-value contributions may involve additional forms or appraisals.
Read More‘Tis the Season to Recruit Volunteers
Development directors can boost recruitment by using social media platforms, mapping neighborhood resources, showcasing real volunteer stories, and creating easy pathways to get involved. Continued efforts during the holiday season can turn short-term volunteers into long-term supporters, building a sustainable network for your mission.
Read More2025–2026 IRS Per Diem Rates Released
The IRS has released the 2025–2026 per diem rates for business travel, effective October 1, 2025. These rates simplify expense reimbursements by providing fixed daily amounts for lodging, meals, and incidentals based on whether the destination is a high-cost or low-cost area.
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