The Bleeding Hearts of the Law: Charitable Benefit Announcements
Many lawyers are charitable creatures. Because lawyers are good people. For those working in Biglaw, all that disposable income — and the corresponding need for tax deductions — can make giving to good causes a little easier.
We receive many requests from benefit organizers for promotion on Above The Law. We consider ourselves good charitable creatures here at ATL, but we have a responsibility to our readers to stick to important news items, like raunchy internet chats, embarrassing summer associate stories, top ten music lists, and irreverent commentary on plus-size judges.
But we’ve created a part of the site, the ATL Community, where the bleeding hearts among you can post information about charitable events. There are a few events there now, including Just Art 08!, to be held in NYC on June 25. If you have a charitable event you’d like to promote, please feel free to plug it in the Community section.
If you have any charity left in you after making donations to your favorite law school, check out the ATL Community site for legally-related giving opportunities. Okay, that’s all the goodness we have in us for today. Time to get back to the news.
P.S. Speaking of charitable benefits, congratulations to Hope for Vision, previously mentioned here and here, on its recent successful event. Props to Jones Day, which presented the organization with a $100,000 check to kick off its 20/20 Vision Campaign.
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woogie woogie woogie!
FIRST to say that donating to charity is good. As is the resulting tax break.
And by FIRST, I clearly meant second.
The Just Art event sounds like it might be fun (if you're into art and stuff).
And if you're into Brooklyn hipster types.
It's always interesting to do a little reserach on charitable organisations and discover the often hefty salaries paid to their staff....often hundreds of thousands of dollars.
Charity is taken out of every paycheck for me and is mandated by federal law no less!
Can you put something on the community section instructing people not to ask for legal advice. There's been two posts so far on that and it's annoying. I come here to procrastinate, not to work.
12:51 - E.g., Michelle Obama, who's making over $300K working for a non-profit hospital.
http://blogs.usatoday.com/ondeadline/2006/09/hospital_offici.html
Kash: i thought so too, until my fiancee (who;s worked in non-profit development for over 10 years) mentioned that lawyers are generally far less generous with their money (both in the amount and the willignness to give at all) than nonlawyers, even (and especially) non-lawyers making far less than Biglaw money.
"Posted by guest
Friday, June 20, 2008 12:51 PM
It's always interesting to do a little reserach on charitable organisations and discover the often hefty salaries paid to their staff....often hundreds of thousands of dollars."
do you think that running a substantial non-profit enterprise is less complicated than running a comparably-sized for-profit? if so, how? if not, how are NPs supposed to recruit qualified leaders (who in reality, could often make many times the "hundreds of thousands of dollars" they are paid if they went corporate)?
Is it possible to post a topic as a guest in the Community section? It's not working for me right now.
2:24, it works for me. I just posted "Test."
Last I checked, AMT renders any charitable donation non-deductable for most of us. Is there an actual tax reason to donate to charity if you're subject to the AMT?
there is never a real taxable reason to donate to charity.
everyone say it with me "a deduction is not a credit"
paying 100 dollars of charity doesn't mean you pay 100 less taxes. it means your taxable income is 100 dollars less
if you in even the 35% federal tax bracket (highest) and-lets say a 10% state bracket (extremely high) -highest tax bracket-you get back at most .45 cents for each dollar you spend in charity.
charity is charitable-not a tax deduction
3:33, the charitable deduction is still available under the alternative minimum tax (AMT). That and the home mortgage deduction are basically the only deductions allowed by the AMT.
Get a better tax adviser.