Booster clubs are commonly used by parents and students to help offset the costs of school or extracurricular activities such as participation in an athletic team, marching band, or academic decathlon team. Booster clubs are often parent controlled and formed; may conduct fundraising through a variety of efforts such as car washes, general...
FUNDRAISING & CHARITABLE GIVING
Contributions to Charity-owned LLCs
The IRS has finally confirmed that a contribution to a disregarded single member LLC ("SMLLC") wholly owned by a U.S. charity that otherwise qualifies under Section 170 of the Internal Revenue Code will be treated as a charitable contribution to a branch or division of the charity. Notice 2012-52...
Gift Acceptance Policies – NCPGC Program Presented by Barbara Rhomberg
On January 12, 2012, I attended the progam "Gift Acceptance Policies: Why, When, What, How, and Who" presented to the Northern California Planned Giving Council by exempt organizations attorney Barbara Rhomberg. Using the example of the Trojan Horse, Barbara quickly convinced us that not all gifts are good...
13 Tweets & Posts from the Millennial Donor Summit
Yesterday, the Case Foundation presented the 2011 Millennial Donor Summit. Here are some tweets and post excerpts: "Millennials are history's first 'always connected' generation" Millenials are the most ethnically/racially diverse and politically active generation in U.S. history –Phillipe Hills Millennials expect consistency, need integration, crave connection. – Stephanie Padgett Millennials...
Informal Giving Circles
Giving circles are a form of community philanthropy in which groups of individuals get together, coordinate their charitable giving, and typically have a lot of fun doing so. This may be done informally as described below or more formally in the form of a nonprofit grantmaking organization or as...
The 2010 Relief Act – IRA Charitable Rollover
On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Relief Act). One of the individual tax relief provisions deals with extending an expiring provision related to distributions from individual retirement plans for charitable purposes. Prior...
Major Gifts – Part II: Considerations for Legal Compliance and Avoiding Lawsuits
An organization that is implementing or revisiting its major gifts program should take advantage of that initiative as an opportunity to weave in best practices and other preventative measures that promote legal compliance and help avoid lawsuits. Some of the considerations should include preventing donor intent disputes and communication...
Major Gifts – Part I: Tips for Implementing a Major Gifts Program
“A major gift is not something that donors do on a whim or a lark, or on the spur of the moment…. And in all likelihood, they do not materialize without a great deal of time, talent, or effort attached…. Making the major gift is a very special expression...
Top 5 Fundraising Legal Tips
Do fundraising professionals have to think about legal compliance and risk management? Absolutely. Do they spend an appropriate amount of organizational resources in these areas? Probably not. Law-related programs at fundraising conferences tend to be some of the least popular. What accounts for this? I’m guessing that the general...
IRS Releases Revised Publication on Charitable Contributions: Substantiation & Disclosure
The Internal Revenue Service recently released a revised version of Publication 1771, Charitable Contributions: Substantiation and Disclosure Requirements. The Publication explains the federal tax law charities and churches that receive tax-deductible charitable contributions and for taxpayers who make contributions. There are recordkeeping and substantiation rules imposed on donors of charitable...
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