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Tuesday, U.S. Senators Todd Young (R-Ind.) and James Lankford (R-Okla.) introduced the Protecting Charitable Giving Act to address the unlawful disclosure of data identifying donors who contribute to nonprofit organizations. This legislation would help nonprofit organizations better protect the identities of their donors by reinforcing existing privacy protections and increasing the penalties for disclosure of sensitive taxpayer ....
Silent Donor is flourishing just as the privacy debate for contributors heats up, especially for those using donor-advised funds to anonymously give to their favorite, and sometimes controversial, causes while also getting a tax break. In November, the IRS proposed new regulations to govern donor-advised funds, including changing what services can be considered tax-exempt and imposing a 20% excise tax on donations that provide a significant to the donor. Public comment on the new regulations will end on Feb. 15.
Silent Donor platform offers anonymous donations to the mainstream, as privacy debate rages theintelligencer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theintelligencer.com Daily Mail and Mail on Sunday newspapers.
Silent Donor Platform Offers Anonymous Donations to the Mainstream, as Privacy Debate Rages philanthropy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philanthropy.com Daily Mail and Mail on Sunday newspapers.
Tim Sanders started his company, Silent Donor, based on his own experience giving money to charities. “I was happy to give a financial gift to a nonprofit, but then afterwards I was kind of put off with the amount of mail that was sent to my house,” he said. Silent Donor which allows people to give anonymously by routing donations through The AnonDo Fund, a donor-advised fund approved as a nonprofit by the Internal Revenue Service in 2022 – has grown quickly. ....