On December 18, Congress passed the PATH Act, which renews and makes permanent the IRA Qualified Charitable Distribution provision of 2006. This provision makes it easier for Americans to give to causes they care about and will help local charities strengthen their communities by allowing individuals to roll over up to $100,000 annually from an […]
It’s not too late to earn Virginia tax credits in 2015!! The Virginia Education Improvement Scholarships Tax Credit Program is a way to support educational opportunities for local students and receive a 65% Virginia state tax credit on top of current state and federal charitable deductions. These state tax credits may be used in […]
IMPACT Harrisonburg, the first giving circle of The Community Foundation of Harrisonburg & Rockingham County, recently presented their first grant check to On the Road Collaborative at a picnic held at Purcell Park. On the Road Collaborative is a 501(c)3 for-purpose organization whose mission is “to empower young people on the margins with the opportunity, skills […]
The Community Foundation of Harrisonburg & Rockingham County, United Way of Harrisonburg and Rockingham, RMH Foundation, and the Masters in Public Administration program at JMU invite you to a workshop on safeguarding the assets of your nonprofit organization. This event is structured for nonprofit executives and board members of nonprofit organizations. Nonprofit Financial Risk Management Workshop […]
2015 year-end deadlines are coming soon! December is one of the busiest months of the entire year for staff at The Community Foundation of Harrisonburg & Rockingham County. Please be sure to reference the following deadlines to be sure we provide you with the best service possible: December 1 – Virginia Department of Education Preauthorization […]
What seems charitable may not always be deductible in the eyes of the IRSAugust 25, 2022 - 12:29 pmWhat seems charitable may not always be deductible in the eyes of the IRS With such a wide range of options available for you and your family to support your favorite causes and your community, ranging from crowdfunding to online solicitations, how do you know whether (and why) your donations are eligible for funding out […]
Is the cost of event tickets tax deductible?August 16, 2022 - 12:40 pmIs the cost of event tickets tax deductible? As charitable organizations emerge from pandemic restrictions, in-person fundraising events are beginning to rebound, especially athletic events that are held outside. This is a good time for a quick refresher course on the charitable deduction rules related to events, which can be tricky. As a general rule, […]
