|
IS Members Respond to the
Economic Downturn
 |
| Map, compiled by IS member the Foundation Center,
displays the distribution of the most recent support by U.S. foundations to aid those affected by the economic downturn. |
Wall Street's troubles have come to affect virtually every American. Charities and foundations are feeling the impact in two ways: a growing demand for services from people in need, and insufficient resources to meet ongoing commitments and explore new areas of activity. IS has been working with its members to track current conditions, share that information, and support policies and strategies that will enable nonprofits to continue to improve lives.
Learn more about how IS members are responding to the economic conditions. |
|
|
|
This year's Dr. Martin Luther King Jr. Day of Service falls on January 19, the day before the Presidential Inauguration. This national holiday honors Dr. King's legacy of social justice and nonviolence, and it encourages people of all ages and backgrounds to come together in service to their local communities. Organizers hope to engage more volunteers than ever and to build support for increasing national service and community volunteering year-round.
Learn more, including how organizations can register their projects, at the official website of the King Day of Service.
|
|
|
|
Qualifying Americans can once again donate directly to their favorite charities from their individual retirement accounts without counting those contributions as taxable income. The IRA Charitable Rollover giving incentive, now in effect through 2009, enables individuals aged 70½ and older to contribute up to $100,000 tax-free from their Individual Retirement Accounts and Roth IRAs.
Last month Congress passed the Emergency Economic Stabilization Act of 2008, which is intended to stabilize the financial system and restore confidence in the economy. In addition to restoring the IRA rollover, the new law includes several other charitable giving incentives.
|
 |
