Wal-Mart Tapped Charity Critics Complain

A collection of labor and community groups filed a complaint with the Internal Revenue Service accusing Wal-Mart Stores Inc’s charitable foundation of violating its tax exempt status by using donations in an attempt to facilitate store openings in urban areas.

In the complaint, dated Monday and addressed to IRS Commissioner John Koskinen, the group claims the Walmart Foundation made donations to […]

Wells Fargo Donates $1.1 Billion to Nonprofits Over the Past Four Years

In 2011, Wells Fargo set a goal to donate $1 billion to nonprofit groups by 2017. The company achieved that goal three years early.

“Caring for our communities and helping individuals and families is one of the most important things we do at Wells Fargo and is a strong part of our culture,” said Jon Campbell, head of Wells Fargo Government […]

Nonprofit Crowdfunding Risks

The popularity of nonprofit crowdfunding is undeniable. Last year alone, it is estimated that $5 billion was raised through global crowdfunding with about 30 percent of that total going to social causes. While that figure pales in comparison to the approximately $300 billion raised by charities in the US over the same time period, the number of donation and reward-based […]

A Bitcoin for Your Thoughts: Virtual Nonprofit Donations

What Is Bitcoin?

Bitcoin was created in 2009 by an individual or group that uses the pseudonym Satoshi Nakamoto.  It is a virtual currency, more properly termed digital crypto-currency to denote that it exists only in digital form and is encrypted for security. It allows people to send money anywhere in the world for free. Totally decentralized, it completely bypasses the […]