If your nonprofit organization requests donations from residents of any one of the 40 states that require nonprofits to register in order to solicit contributions, you need to know about nonprofit fundraising registration. Chances are your nonprofit will be affected by these registration rules, since they're on the books in every state except Delaware, Idaho, Indiana, Iowa, Montana, Nebraska, South Dakota, Texas, Vermont, and Wyoming.
If your nonprofit sells scrip as part of its fundraising activities, your donors may be wondering whether they can deduct the amounts that they pay for it. The answer depends on how your nonprofit communicates with donors when selling the scrip.
Many people love to gamble, especially when it's for a good cause. For this reason, many nonprofits raise money by conducting gambling (also called gaming) activities such as bingo, lotteries, raffles, pull-tabs, punch boards, tip boards, pickle jars, 21, casino nights, and so forth. There are special
The Unrelated Business Income Tax (UBIT) is imposed by the IRS on nonprofits that earn profits from businesses not related to their charitable mission. For example, a university that owns a macaroni company would have to pay UBIT on its net profit. UBIT is paid at corporate tax rates, which range from
A donor who claims a charitable deduction of $5,000 or more for a single item or for multiple similar items of personal or real property must obtain a qualified appraisal of the item’s or group of items’ combined value. This can discourage large property donations because appraisals can be expensive.
If a donor offers your nonprofit ownership of a time-share in Cancun, should you accept it? What about a house that's in foreclosure, a conservation easement, or a deer-head hunting trophy? From a nonprofit's point of view, there is nothing better than a cash donation. However, many donors like to give
Making your special fundraising event profitable will require keeping costs down. It follows that you must consider any minor or major disasters that might befall it — such as a child getting injured on-site, a donor drinking too much and causing an accident driving home, or a thief taking your cash