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Corporate Partnerships & The Law: Registration & Reporting Requirements ??

Selfish Giving

requested guidance on in the Selfish Giving / Accelerist Partnership Law Survey you completed last spring. One of the most popular types of cause marketing campaigns is a charitable sales promotion in which a business advertises that the purchase or use of certain goods or services will benefit a charitable organization (e.g., “For

Law 147
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Fundraising for your nonprofit in the start-up phase

Candid

Reprinted from NEO Law Group. A safer (although potentially more complicated) way to fundraise before receiving exempt status from the IRS could be to fundraise under a Fiscal Sponsor —in this context, a nonprofit organization and 501(c)(3) public charity that can receive donations and grants to support your organization’s charitable mission.

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Sponsorship v. Donations: The Drawbacks and Benefits

NonProfit Hub

Of course, this is subject to tax laws. Drawbacks of Corporate Donations Here are some common challenges nonprofits face with corporate donations: These charitable contributions are typically unpredictable and unsolicited, making budgeting challenging. The donor’s gift may be tax deductible.

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IRS Joins Momentum Nonprofit Partners to Highlight Special Charitable Tax Benefit Available Through Dec. 31

Momentum Nonprofit Partners

Under the temporary law, taxpayers don’t need to itemize deductions on their tax returns to take advantage of this, which creates tax-favorable donation options not normally available to about 90% of tax filers. Ordinarily, people who choose to take the standard deduction cannot claim a deduction for their charitable contributions.

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Do You Inform Donors Of These 2 Giving Opportunities?

Bloomerang

While I always recommend you let donors know you are not in the business of offering professional legal or financial advice, and they should consult with their own advisors, this doesn’t mean you can’t inform people about changes in the law. It’s good to be aware of the varying deductions a donor can take for charitable contributions.

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Discovering The Tax Implications of Nonprofits Owning For-Profit Businesses

The Charity CFO

Impact on Charitable Contributions Donors to nonprofits often receive tax benefits for their charitable giving. In most cases, a donor may be able to deduct certain charitable donations from their taxes. You’ll need to check your state’s tax laws and regulations to see how they might affect your organization.

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Best Practices when Accounting for Grants

The Charity CFO

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. Use the grant in a manner that complies with all applicable laws and regulations. Be transparent in all financial matters related to the grant.