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Why Donor Advised Funds Aren’t Really for Grantwriters (But Can Be…)
We’ve all heard about the fastest growing form of charitable giving: Donor Advised Funds (DAFs).
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Governor’s Budget Proposal Makes Major Investments in Housing, Workforce, Local Communities
Governor Tim Walz’s budget makes significant investments in housing, workforce development, economic development, and local communities.
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City of St. Paul Releases Details on Minimum Wage Increase
The Saint Paul City Council adopted a new minimum wage ordinance, effective January 1, 2020, depending on the size of the business. It will incrementally increases over the next several years to reach a $15 minimum wage based on the size of the organization.
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Is Your Nonprofit Impacted by Federal Tax Changes?
Minnesota’s nonprofits are part of strong, thriving communities so it is important that our tax policy create strong partnerships with government. However, changes in federal laws are creating confusion and increasing unrelated business income tax (UBIT) for nonprofits, which is disrupting this partnership.
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MCN Working to Better Reflect Our Values
This past June, Minnesota Council of Nonprofits celebrated Pride week with gusto. It included chalk-art, rainbow cupcakes, and decorating pictures with glitter and inspirational quotes of Freddie Mercury, Audre Lorde, Harvey Milk and many others. Not only was it a great time to celebrate with each other, it was also a moment to reflect on…
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Takeaways for Nonprofits About Charitable Giving Tax Update
Nonprofits are beginning to plan for their year-end giving campaigns, and a looming question is: whether federal tax changes will impact their total giving this year. The best answer to this question is we don’t know and will most likely will not know the true impact for years.
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New Donor Disclosure Rules Not Impacting 501(c)(3) Nonprofits
On July 16, the Internal Revenue Service (IRS) and Department of Treasury announced that the IRS will no longer require certain tax exempt organizations to disclose donor information in their annual tax filing. It is important to highlight that this new guidance does not affect 501(c)(3) nonprofit organizations.