Last Month in Florida Funding

Florida Funding has discovered an alarming trend.

From Patriot Act provisions limiting who charities can donate to, to changes affecting those who donate, the federal government is increasingly active in non-profit regulation.

What gives? What are the effects for Florida foundations?

Here's an excerpt of this month's cover story:

"It began late last year with the change in tax law limiting the tax incentive in donating cars to charity.

The existing provision that allowed an entity to claim the fair market value of the car for tax deduction was scrapped and non-profits around the country began worrying—car donations, believe it or not, compromise a large number of donations.

Until numbers are released later this year, we won’t know for sure the impact of this change in tax law, but one thing is certain: the federal government has developed a strong interest in further regulating non-profits."