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Showing posts with the label DONOR

GIVING: DONATION OR INVESTMENT? YOU DECIDE

Last week, in MISSION WITHOUT I.T. IS LIKE A DAY WITHOUT SUNSHINE I set out to write  ROI, but before I'd finished my first paragraph, I had revealed my own flawed organizational paradigm. Allan Benamer contributed a critically important comment: IT is actually responsible for all the other departments you mentioned (accounting, marketing, etc.) in the best nonprofits? You really can't do accounting, marketing or fundraising without IT. ...you could try but you'd have a heck of a hard time scaling. Think of IT as an umbrella that keeps all the other departments from getting wet. In the best nonprofits, it should be integrated into every department and not be a standalone. The only way to effectively address complaints about ineffective organization? Offer a solution. How about this: replace our world of the three overlapping sets: communications/ operations/accounting--with a new world---mission/community/investment. The catches? If your giving is an investme...

'TIS THE SEASON TO BE GIVING: NONPROFIT CHARITABLE GIVING CONTRIBUTIONS AND MORE

‘TIS THE SEASON TO BE GIVING: NONPROFIT CHARITABLE GIVING CONTRIBUTIONS & MORE by Pam Ashlund Collecting donations for your nonprofit? As a financial manager (and those that imagine incorrectly that I’m a tax accountant or a CPA) I can’t tell you how often I’m asked about documentation for donors. Some want to know about receipts for cash gifts, the others how to value an in-kind gift. The first has concrete answers, the second has a few gray areas. But for all answers it’s one-stop shopping and must come from one source and only one source: the IRS. So what follows are quotes from the IRS site, and links to the IRS site, not my personal opinion (because if you want my personal opinions then enjoy them, but don’t use them as a substitute for a tax specialist or a lawyer’s). The IRS has a great round-up of nonprofit topics . From there you can drill down to: Tax Information for Contributors For donors wanting to know how to claim a deduction for their contribution, you want: Publica...