When it comes to establishing an appropriate philanthropic vehicle, the two most often chosen are Private Foundations (PF) and Donor Advised Funds (DAF). Both have their distinct advantages, as well as some drawbacks. DAFs have become increasingly popular over the…
Good news from the IRS usually sounds like the beginning of a funny joke…but not this time. In an unexpected move, the IRS announced in late January a revised filing fee schedule for applicants for 501(c) status. Most applicants will…
You have seen the videos from stores during Black Friday: mass amounts of people funneling into a store to grab anything and everything they can. People go on day-long shopping sprees to cross off everything on their list for the…
If an organization is planning to conduct any type of activity outside its incorporated state, certain measures need to be taken to maintain state-level compliance. An organization must have a clear understanding of what it is planning so it can…
We get a lot of questions from our clients about their organizations’ meeting minutes. Our exemption specialists often give advice on questions like “When should we record meeting minutes?” and “Why are meeting minutes so important?” There is great importance…
In Parts I and II of our series about fundraising registration, we took a look at an overview of the topic in general, then asked, Is All Fundraising Considered Charitable Solicitation? In today’s discussion, we are going to talk about…
Part II of our Charitable Solicitations Registration Series When it comes to fundraising, what constitutes a charitable solicitation? In other words, when does the “ask” really become an “Ask” that requires a nonprofit to register with a particular state’s Division…
One of the least understood compliance issues facing nonprofits is charitable solicitations registration. Consequently, this also makes it the filing that an organization is most likely to be delinquent concerning. And that’s a recipe for trouble…trouble that is unnecessary and…
No decision you make regarding your nonprofit organization carries more importance than who is chosen to lead it. The members of your board of directors make up the governing body of your nonprofit and are legally accountable for its actions. …
The king of the nonprofit world is the 501(c)(3) public charity. This is what most people mean when talking about a nonprofit. It has federal income tax exemption, contributions to it are tax deductible to the donor and it is…