The CPA Desk

A Thought Leader Production by PKFTexas

Tag Archives: charity

Fiscal Sponsorships – How They Work for Charities

Fiscal sponsorships occur when an established charity provides a kind of legal and financial umbrella to a charitable project that lacks 501(c)(3) status. This type of arrangement can benefit both groups. But before agreeing to be a sponsor, be sure you understand how these arrangements work and the risks involved. Mutually Beneficial In a fiscal… Continue Reading

How Charity Watchdogs Impact Not-For-Profit Organizations

Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back once again with Annjeanette Yglesias, one of our tax managers and a member of our not-for-profit team. Annjeanette, welcome back to the Playbook. Annjeanette: Thanks, Jen. It’s nice to be here. Jen: So, we’ve talked before about the Donor Bill of… Continue Reading

The Best-Suited Charity Vehicle for Family Philanthropy – What to Consider

The Houston Business Journal published an article on their website co-authored by PKF Texas Tax Practice Leader and Director, J. Del Walker, CPA, and Tax Manager, Annjeanette Yglesias, CPA. The article discusses the differences between a private foundation (PF) and the donor advised fund (DAF), which impact family philanthropy efforts. So, what are the differences?… Continue Reading

Tax Deduction Considerations When Donating Artwork to Charity

If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction and avoid the capital gains taxes you’d owe if you sold the property. The extra benefit… Continue Reading

How Not-For-Profits Can Prepare for Sudden Outpouring of Support

Americans gave unprecedented sums to charity in response to the devastating hurricanes last year. Large organizations, such as the American Red Cross, were equipped to handle the huge influxes of donations. However, some smaller charities were overwhelmed. Although it may seem like an unlikely problem, not-for-profits need a plan to handle a potential outpouring of… Continue Reading

How the Greater Houston Community Foundation Makes Charity Dollars Productive

Russ:  This is PKF Texas Entrepreneur’s Playbook.  I’m Russ Capper, this week’s guest host, and I’m coming to you from the Gulf Coast Regional Family Forum, and my guest is Renée Wizig-Barrios, Senior Vice President and Chief Philanthropy Officer of the Greater Houston Community Foundation.  Renée, welcome to the show. Renée:  Thank you, Russ. Good… Continue Reading