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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

24] Among those with estates over $5 million, 78% of charitable dollars go to permanent foundations.[25] 25] Over a quarter of all charitable bequests to education go to just 35 of the wealthiest, oldest, and most stable private schools.[26] Research in Government and Nonprofit Accounting, 12 , 35-56. [20]