Laura Saunders

speaker

5,937 appearances 109 recordings 1 series first heard Jul 2017 last heard Nov 2024

Laura Saunders’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Donating to a Political Cause? Know the Tax and Privacy Rules First. · 26 Sep 2022 podcast

that is supervised by the Internal Revenue Service. voice-verified

There are two kinds of nonprofits, mainly, that can engage in political activity. voice-verified

One is called an advocacy group. voice-verified

Now, it includes social clubs like the Rotary Club, but it also includes Planned Parenthood or the ACLU or the National Rifle Association. voice-verified

These are advocacy groups that promote causes, and they sometimes have connections with candidates. voice-verified

That gets complicated as well. voice-verified

But if you give a donation to them, it is not deductible. voice-verified

However, many, many of these advocacy groups have a related charity. voice-verified

Now, let me explain what I mean. voice-verified

A charity is what you think of as a nonprofit group. voice-verified

It's the Girl Scouts, your church, your college, things like that. voice-verified

But it's also many foundations, and they are allowed to do a certain amount of political advocacy, lobbying and things like that. voice-verified

And what we have learned is that many of the advocacy groups have a related charity. voice-verified

The National Rifle Association is an advocacy group. voice-verified

The NRA Foundation is a charity. voice-verified

The ACLU, the American Civil Liberties Union, is an advocacy group, and the ACLU Foundation is a charity. voice-verified

And here's the important thing. voice-verified

Donations to the charity are tax deductible. voice-verified

If you give to the NRA Foundation or the ACLU Foundation, they can support the cause you're interested in, and you can get a tax deduction if that's important to you. voice-verified

The other major point about the advocacy groups and their related foundations that are supervised by the IRS is that the donors to them typically don't have to be revealed at all to the public and maybe not to the IRS. voice-verified

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