GSS Insight - Not For Profit Articles
No charitable deduction if value received
Not everyone understands that if you receive something of value in return, you are not entitled to a charitable contribution deduction for that portion of the cost. A recent Tax Court case dealing with a gift of land illustrates the point.
Do the rich give most to charity?
The generosity of Americans differs from ZIP code to ZIP code, city to city, state to state. Who gives the most to charity? The Chronicle of Philanthropy researched IRS charitable deductions of taxpayers from every city in the country to find out.
Online fundraising must comply with tax-exempt rules
An organization that wants to raise funds, whether by Internet or otherwise, must ensure that it structures its fundraising programs in a manner consistent with its tax-exempt status. The IRS recently reaffirmed that online solicitations follow the same rules as other fundraising efforts.
What social media strategies work for nonprofits?
What methods are nonprofits using to reach community members and potential donors? And how successful have those efforts been? A new study analyzes what types of email messages - fundraising, advocacy, newsletters - are most likely to be opened by recipients.
IRS checking 1,300 'self-declared' tax-exempt groups
The IRS is currently conducting a compliance check on approximately 1,300 "self-declared" tax-exempt organizations. The IRS is also seeking detailed information on the organizations' activities, revenues and expenses, and the compensation of the top six officers, directors or employees.
When do donors give most online?
Online giving doesn't make up as much of overall charitable giving as you might think, but nonprofits report a 10.9 percent increase in online giving. There are certain days and specific times when most people make online donations to their favorite charities.
Accounting updates will impact financial statements
Two new accounting technical updates will have significant impact on the financial statements of not-for-profit entities. They involve impairment of long-lived intangible assets and statement of cash flows.
Zuckerberg donation signals hope for community groups
Mark Zuckerberg’s $500 million donation to the Silicon Valley Community Foundation in December also gave hope to community foundations nationwide. The Chronicle of Philanthropy offers tips to help community foundations bring charitable donations to their area.
When should a nonprofit become a for-profit?
Some nonprofits are finding that their particular field and constituents are better served by a for-profit status. Perhaps more revenue is needed to support the mission, and the best opportunities are in for-profit pursuits. One common sector where this is happening is health care.
Presenting to donor groups is different
Do you have to give presentations to donor groups and supporting institutions? If so, you’re probably making a case for why they should support your organization. There are some key differences between this kind of presentation and others. Here are some strategies that may improve your chances of succeeding.
How to build a strong board of directors
If you want the best, most effective board of directors possible, start with one vital requirement: a commitment to your mission. A director dedicated to your goals is most likely to devote the time necessary and be able to focus on the essential issues.
Benchmark to improve your 2013 performance
As you start the new year, there are many reasons your nonprofit should consider benchmarking itself against other similar organizations. Not only will it help identify areas of strength and weakness, it will help you set higher standards, become more creative and, hopefully, increase donations.