The Donors'​ Fund’s Post

Small charitable organizations now require to make an application for reregistration in 10 years from presently 5 years, easing their administrative burden. For this, small charitable organization means an organization whose total income before giving effect of section 11 and 12 does not exceed INR 5 crores rupees. Further, this income limit has to seen for the 2 previous years preceding the previous year in which such application is made. Effectively, most of the small registered charities who got continuation of registration in the year 2021 by a simple application, will continue to be a registered charities till March 2031. #UnionBudget2025# #Indiancharities#

Registering a charity in Ontario provides the ability to issue official donation receipts, which can attract more donors by offering tax benefits. Charities gain legal recognition, enhancing their credibility and trust with the public, donors, and government bodies. As a registered charity, your organization may qualify for tax exemptions and other financial benefits, reducing operational costs. Ontario’s registration process ensures that your charity is compliant with provincial and federal regulations, promoting transparency and accountability. Additionally, registration opens up access to various funding opportunities, including government grants and charitable foundations, helping to further your cause. https://lnkd.in/g3fT-xPB #registeredcharity #charity #nonprofit #notforprofit #ontario #toronto

This holiday season, consider a charitable giving approach that benefits you and your charity of choice. - Gifting appreciated securities is a tax-savvy strategy that can "supercharge" your donation. Abby Mason, CFP® has detailed the process in her article, linked below. https://lnkd.in/evYszF68 #apg #abacus #charity #charitablegiving #yearend #appreciatedsecurities

A Donor Advised Fund (DAF) lets you donate cash, stocks, or other assets to a public charity and get an immediate tax break. The money then grows tax-free in the DAF, and you have the flexibility to recommend which charities receive grants from the fund whenever you choose. It's like a charitable investment account with the benefit of public charity oversight. Have you read our recent blog on "Giving Through a DAF"? Click here to read it: https://hubs.la/Q02Bpn1J0 #FinanceTuesday #DAF #DonorAdvisedFund

4️⃣ tax tips from The Wall Street Journal for your charitable giving. Unsurprisingly, our favorite tip comes from our very own Adam Nash: donate stock instead of cash ⬇️ https://lnkd.in/e_8vdeBy #DonorAdvisedFund #CharitableGiving

When giving to charity, some make cash donations. Others want a more sophisticated strategy. #CharitableGiving #Donation #Giving #Cash #Gifts #FullSpectrum #FSFS https://lnkd.in/ee-mNcpZ

Two weeks to go to discover how the Budget will shape charitable giving in 2025 ⏳ Don’t miss out on this essential discussion on the changes to inheritance tax and their potential implications for charitable giving. Secure your place today: https://lnkd.in/ee2ZECMX #SHMALaw #Charities #LegalWebinar #Budget

How will the Budget impact charitable giving? Join Andrew Wilkinson and Catherine Rustomji as they discuss key topics, including; ✅ Proposed changes to inheritance tax ✅ How to set up charitable foundations ✅ The differences between lifetime giving and on-death donations Register to secure your place today. https://lnkd.in/ee2ZECMX #SHMALaw #Charities #LegalWebinar #Budget

Continuing our series, Charitable Remainder Trusts (CRTs)! 📚 Another estate planning strategy for those who prioritize tax efficiency is CRTs. Unlike last week’s topic, CRTs provide income to you or your beneficiaries first, with the remainder going to charity. https://bit.ly/4gPdoTo #CharitableGiving #TaxPlanning #Beneficiary #Charity #RisingDividends

Form 10BD & Form 10BE for Charitable Donations   Charitable organizations must file Form 10BD by 31st May, 2024, a statement of donations, and then issue Form 10BE to donors. Form 10BE is essential for donors to claim tax deductions under Section 80G or Section 35 of the Income Tax Act, 1961. Issuing Form 10BE of the assessment year following the donation year ensures compliance and avoids penalties. This mandatory requirement replaces the traditional donation receipts.   #Form10BD #Charity #Donations #IncomeTax #Compliance #MSA #MSAssociates #Form10BE #TaxDeduction