Join Baker Tilly and the Minnesota Council of Nonprofits for the two-day virtual 2020 Nonprofit Finance and Sustainability Conference. As nonprofits navigate new challenges that are impacting their organization and their sustainability, there is no better time to generate ideas, share resources and strategize for a successful future.
Baker Tilly is proud to present an educational session and looks forward to connecting online.
Tax reform: What is the impact on charities?
1:00 – 2:00 PM
The Tax Cuts and Jobs Acts continues to impact nonprofits. Charitable contributions reported on individual income tax returns have drastically declined due to changes in the standard deduction. It is important for nonprofits to understand the different giving strategies individuals may consider in the wake of tax reform. In addition to covering the impact of tax reform on charitable giving, this session will review giving alternatives including charitable distributions from individual retirement accounts (IRAs) and best practices for making direct non-cash gifts to public charities.
Presenter: Larry Mohr, Not-for-profit Tax Partner, Baker Tilly