Tag #Charitable Donations

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theguardian.com

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Jul 18, 13:13

UK Charities Donate Millions to Israeli Settlement School

Two UK charities transferred £5.7 million to a high school in the Israeli settlement of Susya in the occupied West Bank between 2017 and 2021, with the endorsement of the Charity Commission, despite concerns about the legality of the settlement under international law and its impact on the Palestini...

UK Charities Donate Millions to Israeli Settlement School

Two UK charities transferred £5.7 million to a high school in the Israeli settlement of Susya in the occupied West Bank between 2017 and 2021, with the endorsement of the Charity Commission, despite concerns about the legality of the settlement under international law and its impact on the Palestini...

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of the £5.7 million donation from UK charities to a school in the Israeli settlement of Susya?

Two UK charities, Kasner Charitable Trust (KCT) and UK Toremet, transferred approximately £5.7 million to a high school in the Israeli settlement of Susya in the occupied West Bank between 2017 and 2021. This donation, endorsed by the Charity Commission, significantly increased the school's budget, leading to growth in student enrollment, staff, and the overall settlement population. The school is considered a major source of employment within Susya.

theglobeandmail.com

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Jan 24, 22:08

CRA Extends Charitable Donation Tax Deadline to March 2025

The Canada Revenue Agency confirmed Canadians can claim charitable donations made before March 2025 against their 2024 taxes, extending a deadline initially set for December 31, 2024, to mitigate the impact of the Canada Post strike on charities.

CRA Extends Charitable Donation Tax Deadline to March 2025

The Canada Revenue Agency confirmed Canadians can claim charitable donations made before March 2025 against their 2024 taxes, extending a deadline initially set for December 31, 2024, to mitigate the impact of the Canada Post strike on charities.

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Reduced Inequality

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What factors influenced the government's decision to extend the deadline for claiming charitable donations?

This CRA decision directly addresses concerns about the negative impact of the Canada Post strike on charities. By allowing the deadline extension, the government aims to mitigate the financial losses experienced by charities during the strike. The move demonstrates responsiveness to industry needs and aims to maintain the flow of charitable donations.

lefigaro.fr

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Jul 8, 01:17

French Government Report Proposes Cuts to Charitable Tax Breaks

A French government report proposes reducing tax breaks on donations to save €450 million, potentially lowering the donation ceiling and reducing preferential tax rates for some charities, causing concern amongst the French non-profit sector and medical research organizations.

French Government Report Proposes Cuts to Charitable Tax Breaks

A French government report proposes reducing tax breaks on donations to save €450 million, potentially lowering the donation ceiling and reducing preferential tax rates for some charities, causing concern amongst the French non-profit sector and medical research organizations.

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No Poverty

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How might the proposed reduction in tax benefits for high-income donors impact charitable giving and the organizations they support?

The report suggests lowering the tax deduction ceiling for donations to €2,000 and reducing the preferential tax rate for donations to certain associations. This aims to generate €450 million in savings. The report acknowledges potential negative psychological effects but insists the impact on overall donations will be less significant, though some heavily reliant charities would experience losses.

nbcnews.com

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Dec 17, 01:11

Year-End Tax Strategies to Reduce 2024 Tax Liability

Individuals can lower their 2024 tax bill or raise their refund by maximizing Health Savings Account (HSA) contributions up to $4,150 (self) or $8,300 (family) and donating appreciated assets to charities before the December 31 deadline.

Year-End Tax Strategies to Reduce 2024 Tax Liability

Individuals can lower their 2024 tax bill or raise their refund by maximizing Health Savings Account (HSA) contributions up to $4,150 (self) or $8,300 (family) and donating appreciated assets to charities before the December 31 deadline.

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Reduced Inequality

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What are the most impactful year-end tax strategies for reducing 2024 tax liability?

Year-end tax planning allows taxpayers to reduce their 2024 tax bill or increase their refund by utilizing strategies before the December 31 deadline. Key strategies include maximizing contributions to Health Savings Accounts (HSAs) and donating appreciated assets to charity.

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