Trends

House Approves New Savings Accounts for People with Disabilities

The House of Representatives on December 3rd passed legislation to create tax-free savings accounts for people with d...

The House of Representatives on December 3rd passed legislation to create tax-free savings accounts for people with disabilities. AJFCA has advocated for passage of the ABLE Act for the past six years and is hopeful that The Senate, where the legislation has 70 co-sponsors, will soon pass this important legislation.Passed by a vote of 404-17, the bill known as the ABLE Act is intended to help Americans with disabilities pay for the associated expenses, including medical costs and finding employment.

House Approves New Savings Accounts for People with Disabilities, December 3, 2014, The Hill, by Cristina Marcos
 

 

With Naming Gifts, 'Perpetuity' Is a Matter of Negotiation

Nonprofits and cultural institutions have often raised large gifts by offering perpetual naming rights to their build...

Nonprofits and cultural institutions have often raised large gifts by offering perpetual naming rights to their buildings in exchange for financial support. Perpetuity has now become "a matter of negotiation" according to attorney William D. Zabel, which allows organizations to garner additional financial benefits after the terms of the original agreement expire. Continue reading here.

With Naming Gifts, "Perpetuity" Is a Matter of Negotiation, November 27, 2014, New York Times, by Sam Roberts

 

Philanthropy's New Release

Understanding this new wealth and its philanthropic leanings continues to be the subject of great interest overall, b...

Understanding this new wealth and its philanthropic leanings continues to be the subject of great interest overall, but especially in light of this region's two realities: escalating wealth and steadfast poverty. Many feel that a place with this much wealth should be closer to tackling its local social problems. So it begs the question: Who are these new donors? How do they think? Continue reading here.

Philanthropy's New Release, December 2, 2014, Stanford Social Innovation Review, by Kimberly Dasher Tripp