Monday, October 31, 2005

Nonprofits banking on new law to grow coffers

Nonprofits banking on new law to grow coffers: "There is a potential year-end gold rush for schools, foundations, churches and other nonprofit groups seeking gifts from deep-pocket donors.

In response to Hurricane Katrina, Congress passed a law that increases the amount of cash donations that can be deducted on tax forms. But the benefits go beyond sending a check to needy residents of the Gulf Coast."

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