The (U.S.) dollar is the official currency of the United States.
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The Dollar is…
Sunday, July 5th, 2009The Peso is…
Tuesday, June 23rd, 2009The peso is the currency of several Central and South American countries (Argentina, Chile, Colombia, Cuba, Dominican Republic, Mexico) and the Philippines, but each country’s peso is its own unique currency with its own value. It’s like how the Canadian dollar and the U.S. dollar share the same name, but they are definitely different currencies.
The Yen is…
Thursday, June 18th, 2009The Yen (abbreviated JPY, for Japan Yen) is the official currency of Japan and is represented using the symbol ¥.
A Fixed Income Security is…
Friday, June 12th, 2009A fixed income security is an investment that promises to pay interest at a set rate for a certain amount of time. Think of it as buying an IOU plus a bonus. If you give me $10 today, in three months, I’ll pay you back your $10 plus 5% interest.
A Markdown (Price Markdown) is…
Friday, June 5th, 2009A price markdown is the reduction, or lowering, of the original selling price of a product. A price markdown is a lot like a retail sale – “50% off all Ferraris this month only!”
Why would an organization choose to be a 501c4?
Tuesday, April 7th, 2009A nonprofit organization might choose to file as 501c4 if it wishes to engage in political lobbying or if it does not qualify for 501c3 status because of political activities. Unlike 501c3s, contributions to 501c4s are not tax-deductible, making them less attractive to donors who wish to save money on their taxes.
For example, MoveOn.org – a progressive online advocacy group initially registered as a 501c3 – wanted to lobby Congress freely and run ads for and against certain political candidates, so they registered a separate 501c4 organization and eventually phased out the 501c3 arm of the organization.
A 501(c)(4) is…
Tuesday, April 7th, 2009A 501(c)(4) is a nonprofit organization that is exempt from paying federal income taxes but still has an unlimited ability to lobby and participate in political campaigns and elections. Donations to 501(c)(4)s are not tax-deductible.