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Best Practices when Accounting for Grants

The Charity CFO

But in order to get the most out of these grants, you need to understand how to properly manage and account for them. The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. What is a Grant?

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Dr. James explains why sustainable giving starts by answering, “Do we have a shared future?”

iMarketSmart

More than two-thirds of all donations over $1 million go to universities that hold large endowments or foundations that are large endowments.[22] 22] In 2019, nine of the ten largest charitable gifts went to such groups.[23] 24] Among those with estates over $5 million, 78% of charitable dollars go to permanent foundations.[25]