Jeanne Tedrow, President and CEO, of North Carolina Center for Nonprofits.
Imagine a customer walking into a pizza shop to order a pizza, then only wanting to pay for the ingredients – flour, sauce, toppings, cheese. (See Pizza and a Laugh ‒ A Reminder about Your Nonprofit Financial Stress Level, Nonprofit Quarterly, December 18, 2018.)
In the nonprofit arena, charitable solicitation licenses are a necessity for certain fundraising efforts. If you are an organization or individual that asks the public for contributions or donations to support a charitable purpose, a charitable solicitation license ("CSL") is needed, unless specifically exempt by law. As many states have laws regulating the solicitation of funds for charitable purposes, it is important to check the requirements for each state your organization operates in to ensure compliance.
Retention is your most important fundraising strategy, and your online donors are seriously at risk. Among all your donors, they are the least likely to renew their gifts – unless you take specific, creative steps to engage and thank them. This webinar will help you discover how to maximize the retention rates of your digital donors. We will examine the attributes of online donors, and outline the retention strategies that work best for this slice of your donor database.
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Donation of Intellectual Property: What Does it Look Like? - A four part series explaining the ends and outs of valuation and tax deductibility of donated intellectual property, e.g. copyrighted materials such as artwork, music compositions, software, etc. (Planned Giving Design Center, 2015)
Why Your Nonprofit Needs to Consider Project Management: "developing a resilient system for completion of tasks at your nonprofit is one of the most important foundations to any successful organization." A formalized project management framework can help your organization with success in fundraising events, marketing campaigns, IT upgrades or implementation, office moves, and program research. (TechSoup)
IRS Publication 526 explains how to claim a deduction for charitable contributions and discusses: organizations qualified to receive deductions, the types of contributions that can be deducted, how much can be deducted, what records to keep, and how to report deductions. (IRS)
Choose the Right Donor Management Software Through TechSoup - Most of the donor management offers available through TechSoup are for smaller organizations that have fewer than 1,000 records. Almost all of them are online or cloud-based software that you access by logging in via the Internet, though a few you can install locally on your organization's systems.
What is fiscal sponsorship? How do I find a fiscal sponsor? - "Fiscal sponsorship is a formal arrangement in which a 501(c)(3) public charity sponsors a project that may lack exempt status. This alternative to starting your own nonprofit allows you to seek grants and solicit tax-deductible donations under your sponsor's exempt status. [...] Since most grantmakers give to organizations, not individuals, fiscal sponsorship may help you qualify for more funding opportunities.
"An effective recordkeeping system enables an organization to monitor the progress of programs and aid in the preparation of financial statements and returns. If an organization does not keep required records, it may be unable to show it qualifies for exemption. Thus, the organization may lose its tax-exempt status. In addition, an organization may be unable to complete its returns accurately and may be subject to penalties."
Do your foundation's strategies and practices: