We have discussed at great length the fact that all tax-exempt organizations are required to file some version of IRS Form 990 each year. As we have also discussed, failure to file a Form 990 for 3 consecutive years results in an automatic revocation of a nonprofit’s 501(c) status. Each month that passes adds to [...]
Obama To Seek Cap on Charity Deductions – Again
Here we go again. Just when charities thought they dodged a bullet during the fiscal cliff negotiations in late 2012, it looks like the administration still harbors the desire to limit the deductibility of charitable donations by higher income donors. Comments made by Jack Lew, Obama’s nominee for Treasury Secretary, makes it clear that this [...]
Some Republicans Rethinking Donor Disclosure to Social-Welfare Groups
File this one in the “this should be interesting” column. According to Bloomberg this morning, Senator Lisa Murkowski (R – Alaska) and Representative Walter Jones (R – North Carolina) are working with Democrats on possible legislation that would change disclosure rules from closed to open for large donations to 501(c)(4) social-welfare groups. Some politically-oriented 501(c)(4)s [...]
4 Simple Steps to Raising All the Money Your Nonprofit Needs
In the world of nonprofits, it’s all about fundraising. You can’t do much in the way of service delivery or mission fulfillment without money. For fundraising staff, it IS all about raising money and sometimes it can be a challenge. I’ve spent years raising money for all kinds of nonprofit organizations and I know what [...]
The Most Generous Donors: The Middle Class and Red State America
This morning, the Chronicle of Philanthropy published an fascinating article entitled, America’s Generosity Divide. In it, the writers break down giving by region, income and other demographics. The results are very interesting. Generally speaking, the middle class, the religious and red state America are far more generous than their wealthy, non-religious and blue state counterparts [...]
Year-End To-Do List for Nonprofits
Well, we are pretty much down to it. There are only a few weeks left in 2011…and during much of that time, most of us will be preoccupied with all things Christmas. But in all the hustle and bustle, there are a few things regarding your nonprofit that require your attention. The following is a [...]
Six Ways to Really Scare Away Your Donors
Halloween is upon us…and there is no more appropriate topic that we could cover than how to effectively scare away donors. In the, um, spirit of the season, let’s look at six ways to guarantee donors will want nothing to do with you!
Obama Targets Charitable Giving Tax Deduction
In the seemingly never-ending budget battle on Capitol Hill, President Obama and his team are once again targeting the tax-deductibility of charitable donations. Check out the following article, then let us know what you think… http://thehill.com/blogs/on-the-money/domestic-taxes/152027-tax-break-for-charitable-giving-targeted-for-elimination
Questions Other Nonprofits Are Asking
If you are operating a nonprofit organization, chances are good that you have questions…lots of questions. And, it probably wouldn’t surprise you to know that your contemporaries in other nonprofits have lots of questions, too. Here at The Foundation Group, we get questions everyday. Many come from current or prospective clients who call or write. [...]
Spending Money on Overhead is OK, Says 3 Top Nonprofit Oversight Groups
Posted on June 17, 2013 by Greg McRay in Commentary, Funding, Managing a Nonprofit, News
Just this morning the CEOs of Guidestar, Charity Navigator and BBB Wise Giving Alliance released a co-signed letter calling for an end to what they call “The Overhead Myth”. This marks the first time the three leading nonprofit information providers have come together for a joint message and it is this: The point of this [...]