Commentary I was three weeks late from the peak of the season, but many of the roses at Elizabeth Park in Hartford, Connecticut, were still in bloom when I visited. The experience provokes deep reflection on core issues such as how beauty, charity, and commitment are so crucial to the good society. In all my…
What You Need to Know Before Making Tax-Deductible Car Donations
Many people need a free car. They may currently be out of work and are trying to find a job, but cannot get to it without a car. Some people needing a car may be women who are now divorced and have no way to get to work and cannot afford a car. Still others…
How to Donate Money to Reduce Taxable Income
When you need to reduce taxable income and have already used up other options, you can donate money to charitable organizations. There are several ways to make a tax-deductible donation by following some guidelines. In most cases, you will need to itemize your deductions. To do so, you will need to have more deductions than…
Leaders of Islamic Centre Stripped of Powers by Charity Chiefs
Leaders of a London Islamic centre described as a “cut-out” of one of Iran’s deadliest military forces, have been stripped of their powers by the Charity Commission. The regulator has appointed an interim manager to oversee running the Islamic Centre of England after its trustees “failed to comply with legal duties,” and to protect the…
Damar Hamlin Will Put the Millions Raised Into His Charity
NEW YORK—Buffalo Bills safety Damar Hamlin will use the $10 million given to online fundraising campaigns by well-wishers after his on-field collapse to fund his own nonprofit, the Chasing M’s Foundation. The decision, first shared with The Associated Press Monday, begins the 25-year-old’s plan for the unprecedented outpouring of support that he received after his…
Chun Wins $1 Million for Charity With Hole-in-One at Chevron
THE WOODLANDS, Texas—In Gee Chun of South Korea hit a million-dollar shot at the Chevron Championship. She won $1 million for charity with a hole-in-one on the 17th at the first major of the season on Saturday. Chun jumped around and high-fived members of her team after watching the ball curve and roll in at…
Number of Canadians Claiming Charity Tax Credit Falls to Lowest Level Ever
The number of Canadians claiming a charity tax credit declined by 165,330 in 2021 to the fewest in more than 30 years, Statistics Canada reported Tuesday. Fewer than 5 million tax filers claimed donations. “This decrease might be related to the increased use of crowdsourcing platforms and other methods of funding that do not provide…
Elon Musk Donates Nearly $2 Billion in Tesla Shares to Charity
The CEO of Tesla and Twitter, Elon Musk, donated nearly $2 billion in Tesla shares to charity last year. Currently the world’s second-richest person, the Tesla CEO owns around 13 percent of the company’s stock, Reuters reported. Around a total of 11.6 million shares from the electric car company, worth $1.95 billion, were given away by Musk as…
Canadians’ Generosity at Lowest Level in 2 Decades: Study
The percentage of income donated by Canadians to charities is at the lowest point in 20 years, a recent study by think tank Fraser Institute shows. The study, titled “Generosity in Canada: The 2022 Generosity Index,” finds that Canadian tax filers contributed just 0.49 percent of their income to charities during the 2020 tax year—the…
Kindness Exchange Cross-Canada Tour Inspires 1,700 Acts of Kindness
In four locations across the country, starting Dec. 13 and ending Dec. 19, Canadians pledged to do acts of kindness. The Kindness Exchange was organized by Amazon Canada, with gift cards of $50 each given out to the approximately 1,700 participants. “About 400 of the pledges were volunteer pledges,” Derek Hooey, operations manager at Amazon’s Mississauga…
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