Charities in a clash over cash
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More than a decade of supportive relations have soured between Estuary Arts Centre and the organisers of the Harbour Hospice art show over a massive hike in exhibition fees.
Hospice’s Queen’s Birthday fundraising art exhibition and sale has been held at Estuary Arts Centre for 11 years. The proceeds support services at Hibiscus House hospice in Red Beach.
Initially the not-for-profit organisation was given space in Estuary Arts’ gallery to hold its exhibition free of charge. However, hospice fundraiser and exhibition convenor, Vicki Lambert, says that in 2012, when hospice became aware that the arts centre was short of funds, the committee offered to pay. It paid $480 for its exhibition space for four years.
The Positive Impacts of Biden s Capital Gains Tax | Opinion Vance Roush
, founder, Overflow On 5/17/21 at 8:00 AM EDT
The conversation surrounding President Joe Biden s proposed capital gains tax increase is currently dominated by those who fear its negative consequences for the investment flow into the U.S. economy.
What s yet to be fully considered are the positive implications that Biden s proposed taxes will have on the nonprofit space, through its potential to encourage investors to turn to philanthropy as a tax efficient solution for their money.
This proposal to double the tax on long-term capital gains from 20 percent to 39.6 percent will cost investors almost half of their profits and even more when combined with state taxes. We can only guess what the effect on the investing landscape might be, as the new tax will be a key factor in how and where investors choose to deploy their capital.
SNAP participants can double up on delicious fruits and vegetables by taking advantage of the Double Up Food Bucks program at the Sedalia Area Farmers Market this summer.
According to a post on the Sedalia Area Farmers Market Facebook page, SNAP participants who shop at our market can swipe their EBT cards to get tokens to use for food purchases. Through the Double Up program, SNAP participants receive a matching number of Double Up Food Bucks tokens for free, up to $25.00 a day. This doubles the amount of dollars they can spend on healthy food at the market.
The SNAP tokens can be used to buy any eligible SNAP items at the market, and the Double Up Food Bucks can be used to purchase any fresh fruit or vegetables being sold at the market.
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Charity donations soar as thousands dodge inheritance tax
Giving away 10pc of an estate to charity cuts how much you pay in death duties
12 May 2021 • 6:12am
The number of people leaving tax-free gifts to charities in their wills has soared as booming house prices and coronavirus fatalities result in more being caught by the dreaded death duty.
There has been an almost two thirds (61pc) increase in charitable bequests in final wishes, data from will writers Co-op showed. Close to a third of all wills drafted last year included a gift to charity and more than 100 people make donations via wills every day, the firm said.