Charities raise funds in a variety of ways, including in person, by telephone, direct mail, email, and through internet solicitations. They also sponsor fundraising events such as dinners, galas, door-to-door sales, concerts, carnivals, sports events, and auctions. Both state law and federal law apply to fundraising activities.
The date of gift rules can be convoluted, but they are important for 501(c)(3)s to understand. 501(c)(3)s must provide receipts to donors, which include the date on which the contribution was received. Having a healthy grasp of these rules will help facilitate donor acknowledgments and ease the burden of frantic donors requesting information come year-end.
This is Part IV of a four-part series about applications of blockchain technology in the nonprofit sector. Part I of this series introduced blockchain technology
This is Part III of a four-part series about blockchain technology in the nonprofit sector. In this Part, we cover decentralized autonomous organizations and how
This is Part II of a four-part series covering blockchain technology in the world of nonprofits. In this Part, we discuss smart contracts and
Blockchain technology has disrupted the way we think about many industries. One major sector that has gone overlooked is the nonprofits industry. Unbeknownst to many, the nonprofit sector is a significant player in the American economy. The United States is home to nearly one and a half million nonprofit organizations, employing more people than the construction, finance, and transportation industries.
The end of the year is a busy time for all nonprofits. Because of this, some obligations tend to slip through the cracks. Since the consequences can devastate a nonprofit, it is vital to ensure certain responsibilities are met by year-end.
Internal Revenue Code § 513(a)(1) excludes from UBIT unrelated trade or business activity which is performed without compensation (the “Volunteer Labor Exclusion”).
U.S. “Friends of” organizations are designed to facilitate US support for a foreign charity. U.S. donors commonly seek to support a foreign charitable organization aiding
So you think you want to start a nonprofit in Arizona? Our firm receives many calls weekly from people who want to start a nonprofit
Most states require you to register your organization if you solicit donations from their residents. Many states also require registration if your organization collects substantial or ongoing donations from their residents, even if you aren’t specifically targeting donors in that state. Download our comprehensive list of each state’s requirements.
Download our free guide to learn about the many elements needed to run a successful nonprofit organization, as well as how to avoid common pitfalls and mistakes.