The Resilia Blog
Valuable Ways to Celebrate National Nonprofit Day
National Nonprofit Day is next Monday, August 17, and our team at Resilia looks forward to celebrating to show our support. More than 125 years ago, on August 17, the Tariff Act of 1894 was signed into law. This act included tax exemptions for nonprofits and charitable organizations. Sherita J. Herring later established this date as National Nonprofit Day to spread awareness, empower others to make a difference and to acknowledge those organizations that work hard to aid their communities.
New Law Requires e-Filing for Tax-Exempt Organizations
Organizations that are tax-exempt under section 501(a) must begin filing their annual tax forms electronically, according to The Taxpayer First Act of 2019 signed into law last summer. In December, the IRS announced that the new law affects tax-exempt organizations in tax years beginning after July 1, 2019.
Racial Barriers in Philanthropy: A Call for Change
Based on the work done behind a recent report from Echoing Green and Bridgespan, two of the biggest factors holding back philanthropy efforts to help advance social change are rooted in race. One factor is understanding the role of race in the problems philanthropists are trying to solve. The second is the significance of race when it comes to how philanthropists identify leaders and find solutions.