Newsbits – Who gives big gifts?

Description

Abstract: This issue’s “Newsbits” looks at a study indicating that donations of $1 million or more come mostly from local donors. It also discusses a new rule from the Financial Accounting Standards Board’s Emerging Issues Task Force (EITF) addressing the proper accounting for services received from personnel of an affiliate for which the affiliate doesn’t seek compensation. Also discussed is a new website from an organization that’s dedicated to preserving the tax deduction for those who give to charities.