Newspapers / Philanthropy Journal of North … / July 1, 1998, edition 1 / Page 3
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July 1998 Philanthropy Journal of North Carolina Connections Name changed to Philanthropy News Network Journal launching tech newspaper, conferences The Philanthropy Journal is launching a national newspaper and a national conference series this summer, both focusing on nonprofits and technolog\’. .4s part of the expansion, the Journal has changed its name to the Philanthropy News Network. The nonprofit news group contin ues to publish Philanthropy Journal Online. PJ Alert, the Philanthropy Journal of North Carolina, Nonprofit Jobs and nonprofitbooks.org. In July, the Philanthropy News Network will begin publishing Technology Report, a quarterly newspaper. And in August, the oi^- nization wll begin producing Nonprofits and Technology, the con ference series. The quarterly newspaper and conference series will examine how nonprofits are using technology and thq World Wide Web to manage their organizations, raise money, solicit and recruit volunteers, deliver ser vices and communicate their mes sage. Cities and dates for the confer ences include: Los Angeles, Aug. 27- 28; Orlando, Oct. 2-3: Charlotte, Oct. 29-30; Dallas, November; Seattle. January 1999; New York, I^b. 18-19, 1999; Chicago, March or May, 1999: Denver, April 1999; Minneapolis, June Pbiti we cover the nonprofit world 3-4,1999; and San Francisco, July 22- 23. The Philanthropy News Network is a 501(c)(3) private foundation in Raleigh, N.C., whose mission is to help people understand, support and Walking for others Chapel Hill's 9th annual MS Walk raised $15,000 that will be used to support the National Multiple Sclerosis Society's programs and research. Exempt talk goes online Taxes are the focus of online forum People who want to know about taxes and nonprofits now can find some details by subscribing to a new e-mail service. By Emily Brewer The Exempt Organizations Committee of the .American Bar .Association has launched an Internet discussion group for people interest ed in tax issues affecting nonprofits. ■At least 300 subscribers have signed up for the group. “We started it as a forum for exempt organization practitioners to discuss issues, raise questions and exchange ideas among nonprofits.” says Todd Mayo; the manager-of the discussion group. The discussion group, called TAX- NONPROFIT, is one of a large number i of tax discussion groups managed by the American Bar Association. “Subscribers discuss the full gamut of tax issues affecting non profits, talk about qualifications for federal and state tax-exemptions, pri vate foundation rules, the unrelated business income tax, joint ventures, intermediate sanctions, lobbying activities, state nonprofit law and charitable contributions,” Mayo says. ; The discussion is not monitored. Subscribers may ask questions or exchange messages With lawyers, practitioners and members of tax- exempt organizations. Questions may or may not be answered, Mayo says. "To subscribe, fill'out the form at; http://www.abanet.org/discus work in the nonprofit world. Services of the Philanthropy News Network include: • Philanthropy Journal Online, a daily online news service. • PJ .Alert, a free, weekly e-mail newsletter. • Philnnthropy Journal of North Carolina, a monthly newspa per. • Nonprofit Jobs, a national onhne listing of job opportunities in the non profit sector: and • nonprofitbooks.org, an online nonprofit bookstore that is an affili ate program of BarnesandNoble.com. For general information, call 919- 832-2325 or visit the Philanthropy at -lournal Online http://www.pj .org>. For conference information, send e-mail to pnnevents@mindspring.com or call 919-832-2325 or visit our con ference Web site at http://confer- ence.pj.org>. To receive the Technology Report, send e-mail to ldare@mindspring. com or call Lee Smith, marketing director, at 919-899-3756. To submit news, announcements, letters or story ideas, send e-mail to mrhobbs@mindspring.com. For advertising information, send i e-mail to dsdoyle@mindspring.com ; or call Denise poyle, advertising ; director, at (919) 890-1120. Making gifts less taxing Proposed nonprofit tax incentive advances sions/open.html> — and look for TAX-NONPROFIT; or, send e-mail to hstserver@abanet.org> and write “subscribe tax-nonprofit” in the body of the message. To send a message to all members of the hst, address e- mail to tax-nonprofit- digest@abanet.org>. Users must include names and e- mail addresses in posted messages to the discussion group, since some pro grams do not have a reply function. American Bar Association Phone: (312) .988-5000 E-mail: info@obonet.org The bill would increase charitable tax credits for nonitemizers and double deductions for corporate contributions. By Joan Alford The state House has adopted a measure that would expand tax incentives for charitable giving. The measure, which would expand tax credits available to some people and businesses who make charitable contributions, was includ ed in a S400 million tax-reduction package passed by the House in June. It was not known whether the proposal would be included in the Senate’s budget proposal. Some representatives of the non profit community are hopeful. “There appears to be a lot of sup port for the incentive,” says Pam Seamans, pubhc policy director for United Way of .North Carolina. The United Way and the N.C. Center for Nonprofits have pressed for the incentive during the last two ses sions. Even if the Senate does not adopt the provision in its budget proposal, it stiU could be included in budget negotiations as House and Senate work out their differences. Seamans says. Under the proposal, tax credits for charitable contributions made by individuals who do not itemize their deductions would increase from 2.75 percent to 7 percent of the contribu tions. For example, if a family with an income of $40,000 gives about 4 per cent of their income (or $1,600), a 7 percent tax credit would be worth $56. “This could mean an additional $180 million a year statewide for indi viduals.” Seamans says. Seventy-one percent of North Carolinians — whose average house hold incomes are below $50,000 — do not itemize their deductions. ##T' I his would be an appropriate way to support the needs of our less-fortunate citizens. " Pam Seamans Allowable deductions for contri butions by businesses would double from 5 percent to 10 percent, which is also the level established under fed eral tax law. Corporations such as IBM, CP&L, BellSouth and Glaxo Wellcome sup port the proposal. Seamans says. Because of cuts in government services. Seamans says, the need for increased tax credits is great. , “This would be an appropriate way to support the needs of our less fortunate citizens,” she savs. , Philanthropy Journal of North Carolina A Publication Of Philanthropy News Network 5 West Hargett St. Suite 805 • Raleigh, NC 27601 (919) 899-3740 Fax (919) 832-2369 Web site: httpT/www.pj.org Vol. 5; No. 11 SUBSCRIPTION PRICES 1 year (12 issues) $60 2 years (24 issues) $110 3 years (36 issues) $152 .Multiple-copy discounts available. For subscription information, CaU (919) 899-3741. Tax forms would be available online IRS considers increasing public access to nonprofits’ information The Internal Revenue Service pro posal would require prospective nonprofits to describe the contents of their Web sites. By Patty Courtright The Internal Revenue Service is considering two proposals that would increase the availability of informa tion about tax-exempt organizations. The first proposal is designed to make it easier for the public to have access to a tax-exempt organization’s Form 990 tax return. By law, organizations must make their Form 990s available at their offices. Under the new proposal, organi zations would have to make the form more readily avaOable, either by pro viding a hard copy to those who request it or by posting the informa tion on the Internet by way of e-mail or a Web address. The proposed change does not require organizations to have a Web , site, says Michelle Lamishaw, an IRS spokesman. It merely provides the opportunity for organizations to use the Internet to make the forms more accessible to the public. The key is to make the distribu tion widely available, and other means of communication with the pubhc also would meet the require ment, she says. Under the second proposal, orga nizations that apply for tax-exempt status would have to disclose to the IRS the content of any Web sites they have. Marc Owens, director of the agen cy’s Exempt Organizations Division, described the proposal to a recent meeting of the .American Bar Association Section of Taxation. 'The proposal is related to the Internal Revenue Service’s systemat ic review of exempt organizations by having access to an organization’s publications through its Web site, Lamishaw says. The agency recog nizes there is an increasing number of nonprofit groups that use the Internet to provide information. Neither proposal has become a regulation yet. Internal Revenue Service Public Affairs; (202) 662-4000 Web: http://www.irs.ostreos.gov
Philanthropy Journal of North Carolina (Raleigh, N.C.)
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July 1, 1998, edition 1
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