LORMAN
The regulations under Section 457(f) provide planning opportunities for nonprofit entities in structuring deferred compensation plans for executives. This has become particularly important with the recent passage of new tax reform legislation that adds a 21% tax penalty on most tax-exempt organizations that pay their covered employees compensation that either exceeds $1 million for the taxable year or is treated as an excess parachute payment.
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Do you ever find yourself so absorbed in the day-to-day operations of your nonprofit that you can only plan a few months in advance? Maybe you’re constantly operating in crisis mode and you’re frustrated you can never seem to get ahead?
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End of year is a time for family, friends, and food. With donors getting into the holiday spirit, it’s also the most important time of year for fundraisers. With over 30% of annual charitable giving coming in in the month of December and 10% of that giving coming in in the last 3 days of the year, end of year fundraising campaigns are critical to meet your annual fundraising goals.
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Now is the time to start thinking about how to jumpstart your giving season and prepare for end-of-year giving campaign(s). The last five weeks of the year are critical in your fundraising, accounting for 26–50% of most nonprofits’ annual funds.
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