Nonprofit Fundraising: Legal and Tax Concerns
Whether it's how you can raise money from a side business or whether you can accept an unusual gift from a donor, nonprofit fundraising raises some important legal and tax issues. Learn more here.
Tax Rules for Nonprofit Fundraising
Tax Rules for Nonprofit Fundraising
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Tax Deductions for Charitable Giving - The Nonprofit's Responsibilities
When it comes to donors' charitable contributions to a nonprofit, sometimes "deductible" is debatable.
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Do Charitable Deductions Help Lower My State Tax Bill?
For the vast majority of U.S. taxpayers, itemizing deductions simply isn’t worth it on their federal return. With no itemization, there's no sense tallying up gifts to charity of over $300—which could lead to a drop in donations. A few states have offset the impact within their own tax codes, however.
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Special IRS Gambling Rules for Nonprofits
To prevent abuses and tax evasion, the IRS imposes strict requirements on nonprofits that make money through gambling events.
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Tax Concerns When Your Nonprofit Corporation Earns Money
How to steer clear of IRS concerns with your nonprofit earning money in the same way a for-profit business does.
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What Constitutes a Quid Pro Quo or Token Gift for Charitable Contributions?
There's no need to tell donors to subtract out the value of return gifts to them that were merely token, "insubstantial" items--but how much is that?
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How are Nonprofits Affected by the Tax Cuts and Jobs Act?
Nonprofits can expect less charitable giving and fewer charitable bequests under the TCJA.
Other Legal Restrictions on Nonprofit Fundraising
Other Legal Restrictions on Nonprofit Fundraising
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When Are Appraisals Required for Donations?
Any donor who claims a charitable deduction of $5,000 or more must obtain a qualified appraisal of the item’s value.
Additional Resources
Additional Resources
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Effective Fundraising for Nonprofits: Real-World Strategies That Work
Covers many of the important legal and tax issues regarding nonprofit fundraising.